Maximum Reimbursement In Healthcare

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Healthcare Reimbursement is the financial payment to the provider for meeting face to face with an patient at his/her facility. In order to determine the financial obligation due to the physician for seeing a patient is determined by a number of factors; all of which, should be documented on the patient's medical record. To achieve the maximum reimbursement it is crucial to chart efficiently, documenting completely, scheduling patients and procedures appropriately, utilization of ICD-10, CPT and E/M codes, claims filing and other important factors in receiving the maximum healthcare reimbursement for services provided. It is very important to keep and maintain an accurate medical record of the patient’s history in an healthcare setting. Not …show more content…

That is why complete, clear, concise notes are crucial, because they determine the type of code or level of complexity the services rendered are deemed justifiable. The diagnoses codes explain “why” the healthcare practitioner treated the patient during the encounter, procedural codes explain “what” the healthcare practitioner did exactly for the patient during their visit and E/M codes are used to determine the amount of compensation due to the provider for meeting with the patient face-to-face and his/her family members. For example; the diagnosis code for Deloris would be: Z00.00xx, CPT code(s) 2010F and 99385 and E/M code would be : 99201. These codes were based on the patient’s medical record for the services rendered during the office …show more content…

The codes used in the claim will be reviewed against the resource-based relative value scale (RBRVS) and payment will then be determined. Based on the complexity of the visit, the level of service, how many healthcare practitioners were including in the visit will determine, how much will be reimbursed. If a claim is denied then the members of the healthcare team will have to query the physician and re-code the medical record again and then resubmit the claim in order to get paid for the services rendered. When submitting the claim, you are assuring that the codes used to describe the services rendered are accurate, true and correct; meaning that you compliantly followed all rules and regulations pertaining to coding and billing a medical record. Also, it is pertinent to review all filed claim approved and denied submissions for consistency. Meaning if you can easily identify a pattern of code(s) used to identify services, review the claims to see if it is accurate and also verify other codes to see if you can properly or accurately code the medical record under a different code with a more clear, concise description of the procedures performed at the

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