A faithful reader sent the following to me and allowed me to post it, as I think the information is valuable to you all. I have a lot to say about it at the end.
I would like to share our preliminary results for CPT 99051. After reading your post about this code, we decided to start using it. Below the results for the month of July only.
Humana 0.00 sometimes 16.88
Great West 17.17
Allied Benefit 22.50
We’ve billed it a total of 21 times in July and our total reimbursement for the code has been $73.72. If we multiply $74 by 12 months we get $888 (assuming of course the same reimbursement trend and similar code utilization).
It might not be an impressive number, but if we continue doing it, that 800 bucks will pay for my doctor’s flight and hotel to Columbus next month for a little coding and billing conference thing they will be doing.
I was trying to be funny; my point is that even though the results are not impressive, every little bit counts.
We also implemented the 99058 code. Only three encounters thus far. United reimbursed us $23.00. BCBS - our biggest private payer - pays zero ($0.00)
Our data is preliminary, so the jury is still out if these codes add to the bottom line in a significant way. But the way I look at it, we are doing the work anyway. So it doesn’t cost more to add the code.
It’s the weekend, so my points will be fast and furious: