Changes to coding and documentation guidelines for E/M office visits, which account for almost $23 billion in Medicare spending, aim to simplify the process for providers. Effective Jan. 1, 2021, some changes of the overhaul include eliminating history and physical exam as determinants of a visit’s code level; letting physicians choose if their documentation is based on medical decision-making or total time; and modifying medical decision-making criteria to shift from adding up tasks to focusing on what tasks affect the management of a patient’s condition.
The AMA included 10 points on its checklist. They are below:
- Identify a project lead
- Schedule team preparation time
- Update practice protocols
- Consider coding support
- Be aware of medical malpractice liability
- Guard against fraud and abuse law infractions
- Update your compliance plan
- Check with your EHR vendor
- Assess financial impact
- Understand additional employer or payer or medical liability coverage requirements
More information on the changes can be found here.
More articles on healthcare finance:
9 health systems with strong finances
Pennsylvania medical center closes
300 Massachusetts hospital employees accept early retirement buyouts
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit