Every successful doctor needs to know the crucial insights that go into podiatry billing to make it profiteering. With the view of recent regulation changes, your podiatry billing will need to understand the need for modifier which acts as a myth.
Here are some common podiatry billing myths busted for your reference:
Myth I: Modifier 24 is applicable to all services performed in the post-op period
Reality – Modifier 24 is used in addition to an appropriate E/M code, in cases when the Evaluation & Management service takes place during a post-operative global period for reasons not related to the original procedure. We can say that this modifier indicates that the surgeon is treating the patient for a new problem altogether. This modifier is only for use during the postoperative period (10 or 90 days). This is because according to rules you cannot bill separately for evaluation & management related services pertaining to the original surgery during the global period as the surgical package include routine postoperative care during this period.
Myth II – Scheduled office visit means no modifier-24
Reality – It is wrong to think that you must not bill separate services using modifier-24 due to the fact that a patient was scheduled to visit related to the surgery. Take note that the care directed at the underlying disease process is billable separately in the global period.
Myth III – You have to bill everyone the same amount
Reality- As a rule, you can’t bill your Medicare patients more than you do all your other patients. If in case your practice maintains several fee schedules, the government payers should be the lowest-priced among the group. However, when you follow a contract or have a consistent non-discriminatory billing policy in place, billing may vary within your practice. It is best to keep your podiatry billing guidelines consistent to avoid accusations of discrimination.
Myth IV: Podiatrist makes good money in-office dispensing
Reality- Only if a podiatrist has a wide customer base can they be successful at selling products because it is not absolutely necessary that every patient will purchase anything. In-office dispensing requires you to buy the inventory to sell it for a profit. Neither the cost of such inventory nor the time to sell it is less. All in all, in-office dispensing, can cost your patients.
Each of the above myths will solve the entanglement of current podiatry practice. To know more about podiatry billing myths call us on – 888-357-3226.