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Published byJesse Cole Modified over 9 years ago
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Who will you bill? How will you bill? How do you decide how much to bill? What else?
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Can you bill insurance? What are possible codes? 97533: Sensory integrative techniques to enhance sensory processing and promote adaptive responses to environmental demands, direct (one-on-one) patient contact by the provider, each 15 minutes. Medicare reimbursement $24.22 for each 15 minutes. 97124: Therapeutic procedure, one or more areas, each 15 minutes; massage, including effleurage, petrissage and/or tapotement (stroking, compression, percussion) Medicare reimbursement $20.68. 97113: Therapeutic procedure, one or more areas, each 15 minutes; aquatic therapy with therapeutic exercises. Medicare reimbursement $31.03.
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Can you bill insurance? Yes, but they probably won’t pay for these services Can you bill the patient directly? Yes
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Certain services are not reimbursed by the patient’s insurance but are still valuable to provide An example of these might be e-visits, or online consultations Many providers bill the patient for these directly without submitting to insurance For example, Mayo clinic charges $35 for an e-visit, but most insurances don’t pay, so the patient gives their credit card number for payment
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Another example of billing the patient directly are procedures that are considered “luxury” procedures, like Lasik vision correction surgery The patient’s insurance does not pay for this procedure, but the patient values the service, and sees that it will benefit them, and so pays for it directly
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Consider costs Start-up costs, e.g. dimmer light, eye pillow, etc. Advertising costs Cost of your time to provide the service Cost of any additional personnel’s time Cost of the overhead for your practice Cost of any equipment
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Consider what others may be charging in your area Consider what patients say they would pay Consider what the “market” will allow
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If learning a technique will take a few sessions, consider having the patient pay for all sessions up front, but at a slightly discounted rate If one or more techniques naturally fit together, consider offering training for both at a slightly discounted rate
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Define the “break point” The point at which you cross over from simply making less profit, to having the service actually cost you money Discount to above the break point
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