Our current billing codes are structured around actual
face-to-face time with patients with the exception of 90862 which will be replaced by E/M codes:
http://www.psych.org/practice/manag...reimbursement/changes-to-psychiatry-cpt-codes
As some of you know, E/M codes are not based on face-to-face time, but rather
"complexity" which to me is still an elusive term. The two codes replacing 90862 are reimbursed at different rates:
99212 reimburses about $10-$20 less and
99213 reimburses about $10-$20 more (depending on your region). Hypothetically, if you were getting $40 per patient using 99212 and seeing 4 patients an hour you would bring in $160/hr. Account for 80% collections (no shows, insurance drops) and 40% in overhead, you're only making $76 an hour (which is not accounting for administrative time). Alternatively, if you were getting $70 per pt using 99213, you would be making significantly more at $134 per hour after collections and overhead. Double these two hourly rates if you were seeing 8 patients an hour and subtract the overhead for the 2 social workers.
IMHO all of this grind sucks and I could care less which codes will be replacing 90862. I don't want to feel like a factory worker on an assembly line. I am hoping reimbursements will change for the standard 20-30 minute med check/brief therapy and 45-50 minute med check/therapy to accurately reflect how our profession should be practicing. Until then, I will be holding off on the private practice dream or at least until more of my debt is paid off.