HealthLeaders Media June 28, 2022
New research estimates that a single primary care physician could add $124,435 in preventative services to their practice’s annual revenue if coding and billing practices were rectified.
Physicians left a large amount of money on the table for services that were provided but not coded and billed, according to a recent study published in the Annals of Internal Medicine.
Researchers from Brigham and Women’s Hospital and Harvard Medical School used national survey data to conclude that a single primary care physician (PCP) could add $124,435 in prevention services and $86,082 in coordination services to their annual revenue if coding and billing practices were resolved. They also estimated that each PCP provided preventive services worth up to $40,187 in additional revenue.
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