Anesthesia billing is complicated and evolving, according to a March 15 blog post from Knack RCM.
Here are nine of the “hidden revenue killers,” according to the report:
1. Time-based billing complexity
Unlike most specialties, anesthesia billing is time-based. Payers differ in how they calculate time units — Medicare uses decimals, while some commercial plans round to whole numbers — creating added complexity.
2. Charge capture gaps
Ancillary services like nerve blocks or central lines fall outside time-based billing. Without proper documentation, these services often go unbilled, leading to lost revenue.
3. Coding complexity
Billing requires precise use of base units, time units and modifiers for factors like patient age or comorbidities. Mistakes or omissions can trigger denials or underpayments.
4. Documentation requirements
From preoperation evaluation through post-anesthesia care, accurate and thorough records are critical. Missing details can cause compliance issues and delayed payments.
5. Constant regulatory shifts
Frequent changes to rules, especially Medicare guidelines, demand ongoing training and vigilance to stay compliant and avoid penalties.
6. Modifier confusion
Modifiers play a key role in billing, but vary according to payer. Misuse can result in denials, audits or delayed payments.
7. High denial rates
The complexity of anesthesia billing contributes to a higher-than-average claim denial rate, requiring skilled follow-up and appeals.
8. Scalability strains
Variable case volumes and staffing shortages can overwhelm billing teams, increasing error risk during busy periods.
9. Declining reimbursements
Lower payments from Medicare and commercial payers make precise billing essential to maintaining financial health.
The post Anesthesia billing’s ‘hidden revenue killers’ appeared first on Becker’s ASC.
