E/M Coding Alert - 2003 Issue 21
Drug Payments: Medicare Adjusts Dozens of Drug Payments
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Article Overview
This article reviews Medicare’s fourth-quarter drug payment updates as posted by a Part B carrier and explains that CMS sets national prices for drugs furnished incident-to a physician’s services using its Single Drug Pricer methodology. It is relevant to practices that bill Medicare for many prescription drugs and need to monitor payment changes across HCPCS drug codes, including newly added codes and codes with updated reimbursement amounts.
Why This Topic Matters
Practices that bill Medicare for drug products need current payment information to update pricing charts and maintain accurate billing workflows. The article helps coding and reimbursement staff identify which drug codes were affected by the quarterly update.
Article Sections
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Quarterly Medicare drug payment updates
Overview of the payment update schedule, the carrier posting, and the general CMS pricing context for physician-furnished drugs.
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Drugs receiving increases
A list of drug payment codes and related payment updates that were increased in the quarter.
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Drugs reduced
A list of drug payment codes and related payment updates that were decreased in the quarter.
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New drug codes added
Newly added drug codes included in the Medicare update along with their updated reimbursement status.
What You Will Learn
- How Medicare quarterly drug payment updates are communicated
- What broad categories of drug payment changes were included in the update
- Which types of billing workflows may need a pricing refresh
- How newly added drug codes are identified in a payment update
Who Should Read This
- Medical coders
- Billing staff
- Revenue cycle managers
- Practice administrators
- Payer reimbursement staff
Codes Discussed
Code Ranges Discussed
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