MP Analytics http://www.mpanalytics.com Medical Device Consultants: Experts at Medical Device Evaluation Mon, 25 Jan 2010 16:13:07 +0000 http://wordpress.org/?v=2.7.1 en hourly 1 Reimbursement Consulting: What You Should Know. http://www.mpanalytics.com/index.php/2009/03/reimbursement-consutling/ http://www.mpanalytics.com/index.php/2009/03/reimbursement-consutling/#comments Fri, 06 Mar 2009 17:00:11 +0000 admin http://mpanalytics.com/?p=1 FDA approval does not guarantee financial compensation for physicians or hospitals. Revenue generation for a new medical product is based on its ability to provide new diagnostic or therapeutic clinical benefit or to replace existing technology at a lower price. The Center for Medicare and Medicaid Services (CMS), the Agency for Healthcare Research and Quality (AHRQ), and private carriers are increasingly demanding value before authorizing payment. Seek a consulting group who has detailed knowledge and understanding of the codes that are required for reimbursement decisions relative to professional fees and the coding requirements for inpatient and outpatient hospital payments.

Make sure they provide you with analysis of the reimbursement potential for a new medical product and assist in the preparation of appropriate paperwork required for obtaining reimbursement codes such as Current Procedural Terminology (CPT), Ambulatory Payment Classification (APC), and ICD-9 Procedure Codes or that they can aid in the presentation of clinical information before various governmental and AMA committees.

Posted by: Dr. Blair Keagy

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