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Medical Billing in 2021 – Things to Expect

Understand the changes in medical billing rules & regulations and predict how medical billing will be in 2021 to increase your medical business growth.

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Medical Billing in 2021 – Things to Expect

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  1. Medical Billing in 2021 – Things to Expect www.mgsionline.com

  2. www.mgsionline.com

  3. Introduction 2020 has been a challenging year for Global healthcare sector, which resulted in sweeping changes affecting healthcare and Medical billing outright. With these challenges and changes anticipated to carry over, Medical Billing in 2021 as predicted will see a lot of updates, advancements, revised medical billing and coding guidelines, compliances and regulation. Read further to educate yourself with the latest changes in Medical billing. www.mgsionline.com

  4. Updates in Medical Coding for 2021 – Major overhaul of CPT codes in last 25 years. • American Medical Associates (AMA) announced major updates in medical billing codes and guidelines for 2021. Release of an updated version of CPT (Current Procedural Terminology) codes includes modification of codes for outpatient evaluation and management (E/M) services as listed below: • Eliminating history and physical exam as elements for code selection.[1] • Allowing physicians to choose the best patient care by permitting code level selection based on medical decision-making (MDM) or total time.[1] • Promoting payer consistency with more detail added to CPT code descriptors and guidelines.[1] www.mgsionline.com

  5. Updates in Medical Coding for 2021 Further to the above E/M coding changes; around 329 CPT codes have been edited for 2021 code set inclusive of 206 new codes – Important additions are in response to COVID- 19 54 deletions  – CPT code sets are continuously modified to keep up with the fast-paced innovation in digital medicines 69 revision of existing codes – to meet the current requirement Updated CPT codes for technological advances in Cardiac monitoring and detection Revision and addition of codes set for Retinal Imaging and screening diabetic retinopathy and increase early detection Descriptive codes for Artificial Intelligence (AI) and  technology augmented solutions Of the new codes introduced, the majority of codes are updated to cover the novel areas of medicine and almost 63% involves in new technological services in healthcare. www.mgsionline.com

  6. Unchanged Guidelines • While the revision of CPT codes is closely monitored for better reimbursement, it is of prime importance to know what remains the same. • Guidelines for new and established patients remain intact • Use of CPT code 99211 still remains unchanged. • Requirement of clinical documentation by physicians • CPT manual for shared/split services is similar to previous versions www.mgsionline.com

  7. Tele-health and Telemedicine • Tele-health and Tele-medicine emerged as the best solution during Novel COVID-19 Pandemic. • It ultimately served as an alternative option for patient care by helping to maintain social distancing. • Owing to growth in Telehealth and Tele-medicine, related industry-based digital tools and information technology are trending. • Recent research concludes that majority of patients embrace Tele-health and digital interactions compared to regular medical services. • As a result of the ongoing crisis and surge in the current requirement, Tele-health is expected to see about 80% of growth. www.mgsionline.com

  8. About US Medical Billing Outsourcing About MGSI • Medical Billing Outsourcing market is witnessing an increased growth due to the changes and twist involved due to the COVID-19 pandemic and majorly because of the complexity in keeping abreast of the recent CPT and ICD-10 coding guidelines, changes in medical billing rules and regulations, etc. • Physicians and medical groups are considering Medical billing outsourcing to cope up with the industrial changes. • MGSI is a 25 years old national Medical Billing Company serving more than 600 physicians across US. MGSI has trained and experienced medical billing and coding team handling complete revenue cycle management services to our clients. • We also have the prerequisite to facilitate your medical billing and education your providers and team with all compliant and regulatory policies. • To know more about the recent changes in Medical Billing and to outsource your RCM process contact MGSI www.mgsionline.com

  9. THANK YOU! For Queries Phone: 1-877-896-6474 Email: info@mgsionline.com Website: www.mgsionline.com

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