Why Should You Outsource Anesthesiology Billing Services?
NEO Medical Billing is a reputable billing company that has been providing high-quality Anesthesiology billing services for over 15 years. With over a decade of expertise providing Anesthesia Medical Billing Services to many healthcare organizations, we have established a deep understanding of the billing process, making us our clients' preferred Anesthesiology Billing Services provider.
Our HIPAA-compliant Anesthesiology Medical Billing company offers personalized and inexpensive billing solutions for individual physicians, group practices, clinics, hospitals, and ambulatory surgical centers. We adapt our Services to your anesthesia practice's requirements, from credentialing to AR and claims management. If you outsource your Anesthesia Billing to NEO Medical Billing, you can put all your energy into running a successful practice and caring for your patients.
Why Is Anesthesia Billing So Tricky?
The use of modifiers is also very significant. Anesthesia is given to patients for a variety of reasons, including procedures, accidents, mental problems, and so on. Having a skilled Anesthesiology Billing Service provider on your side is critical for collecting the exact reimbursement with no errors or delays.
Potential Anesthesiology Billing Service capable of revamping poor practice workflow and maximizing reimbursement |Reduce Denials| Increase Collection| Fix Revenue Leaks|
Benefits of Outsourcing Anesthesiology Billing Services to Neomedicalbilling
- 100% HIPAA Compliant Billing Services
- The Financial Health of your practice will be secure
- Relieving health professionals from their administrative tasks
- Higher efficiency in the functioning of the healthcare facility, which can later be translated into higher revenue
- Compatible charges for Anesthesia Billing tailor-made as per the anesthesiologist’s or medical organization’s need
- Saves cost on employee benefits such as health insurance, payroll taxes, and paid vacations
- Reduces processing cost by up to 40%
- Minimum of 30% outstanding A/R will be collected!
- 95-98% --First level of Claim Acceptance Rate
- Successfully opening Insurance Panels for Providers
- Free Medical Billing Audit
- Provide Weekly, Fortnightly Practice Financial overviews
- Increases patient satisfaction!
Steps involve in Anesthesia Billing
Pre-operative Review:
The pre-operative evaluation includes the patient’s and their family’s medical history, as well as any drug or smoking habits that must be taken into account when determining the required dosage of anesthetics.
Anesthesia Sheet:
The Anesthesia Medical Billing sheet includes the following documentation.
Base Units:
The base units define the amount of complexity and expertise required for the anesthetic services delivered. The CMS publishes the base units once a year.
Time Units:
This is the period of time spent with the patient administering anesthetics or monitoring the patient’s status before, after, or during the surgery. To establish time units, divide the total minutes of service by 15.
Modifiers:
Anesthesia “supervision/provision” modifiers (-AA, -QK, -QY, -QZ, and -QX) explain the anesthesiologist’s role and CRNA. These modifiers are crucial in establishing whether an anesthetic technique was performed independently, medically directed, or supervised by an anesthesiologist.
Formula:
(Base Units + Time Units + Modifiers) x Conversion Factor = Anesthesia Reimbursement
Bundled services:
Do not bill the following procedures in conjunction with anesthesia.
Anesthesia CPT Codes
- 62320–62321, 62324–62325
- 31505, 31515, 31527
- 64400–64530
- 31622, 31645, 31646
- 93312–93318
Procedure Description
- Do not bill for the Injection of diagnostic or therapeutic substances along with anesthesia procedures
- Laryngoscopy
- Nerve Blocks
- Bronchoscopy
- Transesophageal Echo (TEE)
Post-operative Review:
The post-operative assessment consists of records stating that the patient has not suffered any complications due to the anesthesia administered.
The potential of Anesthesiology Billing Services to generate and collect revenue is crucial to its success. Anesthesia billing requires an experienced and professional revenue cycle team, specialty-specific billing software, and compliance billing processes. By outsourcing your billing and coding needs, you will be able to concentrate on providing superior patient care. Neomedicalbilling is a group of experts that have obtained specialized training in billing for anesthesiology procedures.
Top Reasons for Choosing Us for Anesthesiology Billing Services
We are a leading provider of Anesthesia Medical Billing Services, covering hospitals, clinics, and independent healthcare facilities. Our key features include: