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- Feb 21, 2007
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You don't have to do it on EVERY case. The point was that with the new coding and rates, Med+therapy time is approximately equal to med+med time. So, it no longer hurts the bottom line much to do therapy. A full day of 15 min med checks would be more profitable anyways.
You can go here and do your own math: http://www.cms.gov/apps/physician-fee-schedule/search/search-criteria.aspx
For my area, seeing this sequence:
1/2 hour med + therapy
1/4 hour med 99213
1/4 hour med 99213
1/2 hour med 99214
1/4 hour med 99213
1/4 hour med 99213
From 8-5 with a 1 hour break for lunch, will pay ~$2000/day, give or take. All Medicare. For private add more to that.
Note: I also feel this is likely under billing 99214's. A 1:4 ration of 4's to 3's is likely to low. You should be able to get them closer to 1:1, or even 1.5-2:1. And yes, this is an ESTIMATE. Many factors are missing, including private insurance (+15-25%), cash? (+50-100%), higher or lower overhead, other provider employees (midlevels? psychiatrists? therapists?), market area costs (NYC vs Nebraska), and about a billion other things I can't account for outside of an MBA class.
You can go here and do your own math: http://www.cms.gov/apps/physician-fee-schedule/search/search-criteria.aspx
For my area, seeing this sequence:
1/2 hour med + therapy
1/4 hour med 99213
1/4 hour med 99213
1/2 hour med 99214
1/4 hour med 99213
1/4 hour med 99213
From 8-5 with a 1 hour break for lunch, will pay ~$2000/day, give or take. All Medicare. For private add more to that.
Note: I also feel this is likely under billing 99214's. A 1:4 ration of 4's to 3's is likely to low. You should be able to get them closer to 1:1, or even 1.5-2:1. And yes, this is an ESTIMATE. Many factors are missing, including private insurance (+15-25%), cash? (+50-100%), higher or lower overhead, other provider employees (midlevels? psychiatrists? therapists?), market area costs (NYC vs Nebraska), and about a billion other things I can't account for outside of an MBA class.
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