tci Part B Insider - 2005 Issue 40

TRANSMITTAL ROUNDUP: You Won't Pay The Price For Taking Bad Advice

Watch out for new remittance advice codes Are you up on the latest billing information that affects your practice? The Centers for Medicare & Medicaid Services issued a number of transmittals recently that could change the way you bill for services: • If you make a billing mistake because you relied on bogus advice from your carrier, at least you may not have to pay any interest on the overpayment, according to Transmittal 739, dated Nov. 1. The transmittal implements a Medicare Modernization Act provision to waive penalties when you follow “erroneous guidance.” • You...

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