A fee schedule is an all-inclusive list of fees used by Medicare to pay physicians or other providers. This complete list is used to reimburse a physician and or for that matter other providers on a fee-for-service basis. The CMS comes up with fee schedules for physicians, ambulance services, clinical laboratory services, durable medical equipment, prosthetics, orthotics, and other such supplies.
As a medical coder you have to be up to date on the current fee schedule. A good way to stay tuned to the current fee schedule is by signing up for a one-stop medical coding guide. Such a site provides you with a tool ‘Fee Schedule' to determine code payments, code claim submission order and modifier usage.
In fact industry leaders and most coders depend on such a Fee Schedule to deliver the Medicare Physician Fee Schedule details. Physicians and coding specialists in offices, hospitals, ambulatory surgical centers, urgent care centers, emergency department and other segments of the medical coding industry are taking up the Fee Schedule tool.
When you go for one, it'll show you relative value unit (RVU), CPT/HCPCS global information, Medicare code status, some applicable modifiers for a code like 51, 50, 80 and yes the latest on the new conversion factor. So take the help of a ‘Fee schedule' tool today!
New Conversion Factor
With an increase of 2.2 percent on 36.0791, the new conversion factor is certainly taking the coding community for a spin. But Supercoder comes to your rescue by providing you with the actual value after the increase much before everyone else!
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