Medical Billing and Coding Healthcare Blog

The Centers for Medicare & Medicaid Services (CMS) has issued a new change request (CR) that should be of interest to clinical diagnostic laboratories that submit claims to Medicare Administrative Contractors (MACs) for services provided to Medicare beneficiaries.

CR 9465 provides instructions for the calendar year (CY) 2016 clinical laboratory fee schedule, mapping for new codes for clinical laboratory tests and updates for laboratory costs subject to the reasonable charge payment.

Key points of CR 9465 address:

  • national minimum payment amounts;
  • national limitation amounts (maximum);
  • pricing information;
  • organ or disease oriented panel codes;
  • mapping information;
  • blood product codes;
  • transfusion medicine codes; and
  • reproductive medicine procedure codes.

CR 9465 was released less than a month after CMS released its final 2016 clinical lab fee schedule (access the 2016 fee schedule files here).

The rules governing laboratory billing are complex and ever-changing, which is why more and more clinical and reference laboratories are taking advantage of PGM's laboratory billing services. Over the past 30 years, PGM has developed one of the most effective laboratory financial management services in the country. PGM handles all aspects of billing, including both the technical and professional components.With PGM, labs effectively manage high-volume, small-dollar claims, improve collection rates and gain revenue cycle management insight.

PGM Billing, a leading provider of integrated physicians billing services, practice management and revenue cycle management services, and ICANotes, a comprehensive electronic healthcare records solution for psychiatry and behavioral health professionals, have published a whitepaper discussing the benefits of the PGM and ICANotes' billing platform for mental health professionals.

The whitepaper, titled "The Case for Fully Integrated, Outsourced Billing," outlines the financial challenges facing mental and behavioral health practitioners (e.g., declining reimbursement, increasing denials, complex coding and billing rules, increased regulations) and then details how the billing platform provides these professionals with a resource that turns practice management into a streamlined process.

The benefits to practices that use an outsourced billing solution include increased collections; cost savings; alleviated stress associated with staff hiring and training; access to detailed reporting that can help with payor contracts and benchmarking; and improved efficiency.

The whitepaper also includes a short case study on an ICANotes user who outsources his billing to PGM, and has reaped the benefits of using outsourced mental health billing services.

View the whitepaper on outsourced mental health billing (pdf).

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