Medical Economics March 29, 2024
Although the calendar year 2024 Medicare Physician Fee Schedule effective January 1 brought with it significant payment cuts for physicians nationwide, one positive aspect is this: Several new Current Procedural Terminology (CPT) codes can increase revenue. The best part? Experts say it may only take a few small operational changes to start billing them.
Caregiver training
One of these codes is caregiver training services (CPT code 97550). The code, which pays approximately $52 for the first 30 minutes, is billable when physicians and certain nonphysician practitioners provide caregivers with strategies and techniques to facilitate a patient’s functional performance in the home or community. This includes activities of daily living, transfers, mobility, communication, swallowing, feeding, problem solving, and safety practices. For...
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