In accordance with the results of that analysis, an amount will be deducted from the bonus pool based on the following error rate. Though this group could just as easily have added funds to the pool if this performance standard was met, a penalty more accurately reflected the group's belief that the practice of turning accounts over to the collection agency in a timely manner was expected, rather than a cause for celebration. Don't be hesitant to float this idea with your administrator, office manager or billing service representative. The ideas put forth in this article also require some upfront effort, mainly in the form of defining appropriate standards and setting challenging, yet achievable, targets for your staff or billing service. Finally, no discussion of compensation issues is complete without a reminder that monetary rewards work best when coupled with intangibles like providing a pleasant work environment, knowing your office staff by first names and verbally acknowledging your office staff or billing service when they have performed well.
Some services choose to compete by pushing the envelope of aggressive billing.
It is important to make sure that the individuals submitting claims on your behalf, whether they are your employees or your contracted service, know and follow the rules established by Medicare and by your contracts with commercial carriers. ASA representatives have engaged in a protracted dialogue with the carrier medical directors involved. The outcome of this dialogue is a Health Care Financing Administration Program Memorandum sent to all the carriers in April, giving them the option of using two new modifiers that would indicate that MAC should be reimbursed in a specific case. Your state anesthesiology society will be able to give you the name of your CAC representative. All rights reserved.