- Joined
- Aug 23, 2011
- Messages
- 1,621
- Reaction score
- 1,247
For those of us interested in either a full-time or part-time private practice, we may have some good news in the near future:
http://www.psych.org/practice/news-and-alerts/cpt-coding-changes-for-psychiatry
Justification for this? Here's a study I looked up that highlights the problems:
http://www.ncbi.nlm.nih.gov/pubmed/14645792
Despite the fact this data was collected in 2002, the pay discrepancy has not significantly changed over the last 10 years. I also did a bit of research into the CPT 99xxx series that may be replacing our current codes:
which are reimbursed at much higher rates than our current codes:
90862
90805
90807
Bottomline? The 15 minute med check will be abolished. We may get compensated higher for standard 30 + 45 minute follow ups.
Thoughts?
http://www.psych.org/practice/news-and-alerts/cpt-coding-changes-for-psychiatry
There will be significant changes for coding and billing of psychiatric services beginning on January 1, 2013
As you'll note on the AMA chart, code 90862 (Pharmacologic Management) has been eliminated. We would like to remind you that even today the work currently described by 90862 can also be captured using the general evaluation and management codes (99xxx series) used by most physicians.
Justification for this? Here's a study I looked up that highlights the problems:
http://www.ncbi.nlm.nih.gov/pubmed/14645792
As indicated in t1, findings from the 2002 NSPP indicated that in terms of discounted fees, psychiatrists who provide one 45- to 50- minute outpatient psychotherapy session with medical evaluation and management (CPT code 90807) earn $74.52 less per hour, or 40.9 percent less, than do psychiatrists who provide three 15-minute medication management sessions (CPT code 90862 for each visit). This financial disincentive for psychotherapy was also seen when psychiatrists' undiscounted fees were examined; psychiatrists who provide one 45- to 50- minute psychotherapy session with medical evaluation and management earn $107.60 dollars less per hour, or 40.9 percent less, than do psychiatrists who provide three 15-minute medication management visits.
Despite the fact this data was collected in 2002, the pay discrepancy has not significantly changed over the last 10 years. I also did a bit of research into the CPT 99xxx series that may be replacing our current codes:
which are reimbursed at much higher rates than our current codes:
90862
90805
90807
Bottomline? The 15 minute med check will be abolished. We may get compensated higher for standard 30 + 45 minute follow ups.
Thoughts?
Last edited: