tci Part B Insider - 2014 Issue 26

Part B Mythbuster: Yes, You Can Collect Coinsurance on the Service Date

For Part B, you may need to collect after the service—but before the patient walks out Myth: It’s inappropriate to collect coinsurance payments from patients while they’re at your office since you must first wait for an EOB to arrive. Reality: If you properly verify the patient’s coverage up-front, you can collect your due before patients leave your office. Advantage: For defined contribution amounts (which many Medicare Advantage programs and private payers offer), you can collect coinsurance when the patient checks in at your practice, since these figures don’t depend on which services you...

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