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Just to supply a little more information for our field, I am a prescribing psychologist and our codes are very similar to psychiatrists. The way it works is you can bill from three separate E/M codes that you use for medication management: 99213 (low complexity), 99214 [moderate complexity (most commonly used)] and 99214 (high complexity). These are element-based, not time-based. You can then add one of three time-based psychotherapy codes, 90833 (16- 37 minutes), 90838 (38 - 52 minutes) and 90836 (53 + minutes).
The New Mexico Medicaid rates are pretty low but it is the most common insurance I see. The most common combination we use is 99214 + 90832 which pays around $130. We usually see 2-3 an hour. Psychiatrists also use the same codes; however, the reimbursement rates are quite a bit higher for them.
Evaluations are not time-based: a 90792 when we discuss medication and pay $140 and a regular psychological evaluation (90791) pays $109
Here are the rates
The New Mexico Medicaid rates are pretty low but it is the most common insurance I see. The most common combination we use is 99214 + 90832 which pays around $130. We usually see 2-3 an hour. Psychiatrists also use the same codes; however, the reimbursement rates are quite a bit higher for them.
Evaluations are not time-based: a 90792 when we discuss medication and pay $140 and a regular psychological evaluation (90791) pays $109
Here are the rates
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