Are you aware of the up-and-coming Medicare Sequestration Increase?
Starting July 1, 2022 (for services on or after) Medicare’s fee reduction will increase 2%. The sequestration will not…
Welcome to your billing and coding weekly solutions by H.J.Ross Company where getting your bills paid is what we do best!
Are you aware of the up-and-coming Medicare Sequestration Increase?
Starting July 1, 2022 (for services on or after) Medicare’s fee reduction will increase 2%. The sequestration will not affect Medicare Advantage payments or VA payments.
Although Medicare payments are subject to the payment reduction, beneficiary payments for deductibles and coinsurance are not.
It is important to note that during the patient’s Medicare deductible period, you may collect the full amount from your patient, but once the deductible is met and Medicare is making payments, your payment will be reduced, which cannot be passed on to your patient.
If you are a non-par provider (not accepting an assignment), you may charge the full limiting charge to your patient without any reduction, and the patient will be paid at a rate of 2% reduction from the non-par rate.
H.J. Ross Company understands billing with incorrect chiropractic CPT codes can lead to claim rejections and delays in payments, which can have a devastating impact on generating revenue and keeping you in business.
If you are experiencing insurance claim denial, staff spending too much time trying to get claims paid, and patients asking why their claims have not been paid then H. J. Ross Company is your solution.
H.J. Ross Company stays ahead of the curve on the latest trends and changes in billing and coding by utilizing their direct channel of communication with the insurance companies and organizations that set the guidelines.
There is a reason chiropractors have trusted H. J. Ross Company with their business for over 40 years.
