If you own an anesthesia practice, you are likely interested in learning more about QBI and how it can save you money. We’re here to help explain.
The Centers for Medicare & Medicaid Services (CMS) has made its final base unit value decisions for anesthesia codes for 2018.
If you are a healthcare provider and have not yet familiarized yourself with the meaning of these acronyms, this article will provide a basic overview and also give direction on how to implement these systems in 2017.
Anesthesia is one of the most important and vital services a hospital or surgical center provides to its patients and clients. While the actual service of providing anesthesia may seem simple, the business of anesthesia is unique and complex.
There are many methods that can be used to calculate an anesthesia stipend. DPI’s preferred method to calculate an anesthesia stipend uses the following algebraic equation:
Here’s the easy answer: The cash collected from anesthesia is less than the cost of the anesthesia providers staffing the facility. But why? Keep reading and you’ll understand why anesthesia-related costs may outweigh the revenue generated.
Whether your department is staffed with an anesthesiologist, only CRNAs, or a combination of the two, you should first understand what drives anesthesia costs in order to reduce costs. The major driver is the cost of the anesthesia provider, and while this may seem easy enough to reduce, it’s not that simple.