April 8, 2021

anesthesiology medical billing capital billing services

Anesthesiologists play a crucial role in patient care. As specialist physicians, they provide pain management and medication to patients before, during, and after surgery.

To receive reimbursement for the services they provide, anesthesiologists must engage in the medical billing process. Medical billing, and in particular, anesthesia medical billing, is a complicated process. It is a specialized task that involves much more than sending invoices and receiving payment.

Billers must fill out comprehensive application forms and have in-depth knowledge of medical coding. Applications require organization and traceability. In most cases, there are benefits to hiring a professional medical billing service.

Why Anesthesiology Medical Billing Is Different

why anesthesiology medical billing different capital billing services

Anesthesiology billing has its unique set of challenges. It requires extensive medical knowledge and years of experience to learn how to safely apply anesthesia medication to patients. The administration of such strong medication must be done with care, and your practice must account for all aspects of surgery to ensure correct billing.

Depending on the medication used and the type of procedure the patient has, anesthesiologists must use a specific code group for billing. Medical coding refers to the categorization of healthcare diagnosis, medical procedures, services, and equipment into alphanumeric codes. These codes are then applied during the billing process to ensure you charge the correct amount.

The anesthesiology billing process involves the following steps:

  • Pre-operative assessment: This is where an anesthesiologist assesses factors that could cause complications during or after a surgical procedure and usually occurs around two to four weeks before surgery. To ensure they receive their full payment, they must document all relevant information for billing
  • Preparing an anesthesia sheet: This document contains important information relating to a patient case and procedures, such as base units, time units, and modifiers.
  • Base units: The CMS determines these figures every year. They refer to the complexity levels and skills required for providing a particular anesthetic procedure.
  • Time units: These are the minutes spent giving the patient anesthetic and the subsequent monitoring of their well-being before, during, and after surgery.
  • Modifiers: These confirm if an anesthesia procedure was carried out in person, directed medically, or under the supervision of an anesthesiologist.
  • Applying the formula: The reimbursement figure is then determined using a formula. Once applied, you can bill the patient.
  • Handling billing and coding as well as anesthesiology work can get overwhelming. With so many time-consuming and complex protocols, it's common for errors to occur. While some mistakes are to be expected, they can lead to payment rejections from insurance companies.

    Ultimately, an important aspect for any successful business is making money. An anesthesiology service must be able to bill customers correctly and collect full payment as quickly as possible.

    To maximize the chance of generating and receiving payments for anesthesiology services, practitioners can hire a professional billing company to streamline the process. Medical billing services have knowledgeable and trained staff who work solely on coding and billing for their clients. They often have access to a specialist system or billing software and can help medical-based businesses be more cost-effective.

    How Capital Billing Can Help with Anesthesiology Medical Billing

    capital billing can help with anesthesiology medical billing

    Capital Billing Services provides quality billing solutions to individuals, organizations, hospitals, and practices within the medical industry. We offer specialist billing services to anesthesiology physicians and certified registered nurse anesthetists (CRNA). Our expert staff ensures that all aspects of billing and coding are handled properly, minimizing errors while securing maximum reimbursement for your work.

    Some key services we provide for anesthesiology clients include:

    Billing and Coding

    Our specialties revolve mainly around billing and coding services. We take information and medical codes from patient records to be used in bill calculations. After billing patients on behalf of a business, we follow up continuously until we collect the revenue.

    We are specialists in medical claims billing to insurance companies, commercial businesses, and governmental bodies.

    Medical Credentialing

    Medical credentialing is essential as it shows that a physician has received all the relevant training and qualifications to practice medicine. At Capital Billing Services, we help professionals acquire credentialing and become certified.

    Document Preparation and Financial Reporting

    We help healthcare businesses prepare and create important documentation in relation to billing and claims. We also use the latest technology to produce financial reports, which can highlight areas of an anesthesiology practice that need improvement. We also help clients improve their revenue cycles.

    Negotiations with Insurance Companies

    Insurance companies are often the primary source of revenue for anesthesiologists. In contractual negotiations, insurance companies try to make agreements that benefit their business rather than the anesthesiology providers.

    At Capital Billing Services, we have skilled and experienced negotiators that act on behalf of our clients to negotiate the best possible deals.

    Contact Capital Billing Services Today

    If you want to increase reimbursements from medical billing by outsourcing the process, contact Capital Billing Services today. Our experienced employees understand the difficulties of balancing medical care with tedious administrative duties. We can handle all your billing needs by utilizing our resources and expertise.

    We also help American medical professionals to secure medical credentials if appropriate. We offer our services on a month-to-month basis to help you deal with current billing, eliminating the need to sign up for long-term contracts.

    Call us today or submit a question on our website or social media channels for more information.