HCCIntelligence™ Webinar: Unlocking Revenue Streams: Navigating the 2024 Medicare Physician Fee Schedule for Home-Based Medical Care-Webinar Recording

Video Transcription

Video Summary

The webinar titled "Unlocking Revenue Streams: Navigating the 2024 Medicare Physician Fee Schedule for Home-Based Medical Care" discussed several important updates and changes related to billing and coding for home-based medical care. The webinar highlighted the reduction in the conversion factor by about $1.15 or 3.4% compared to last year. The funds saved from the reduction will be used to implement the G-2211 code, which is an evaluation and management code for ongoing longitudinal care relationships. However, as of now, the G-2211 code is only available for billing for office visits and not for home-based providers. The House of Representatives has introduced a bill, H.R. 6683, that may cancel the pay reduction. The webinar also discussed several new reimbursement opportunities, including codes for social determinants of health risk assessments, caregiver training, community health integration, and telehealth. The presenters stressed the importance of accurate HCC coding, as it affects the severity of illness of patients and can impact reimbursement rates. They also mentioned that HCC coding will become even more important as healthcare transitions to a value-based care model. Overall, the webinar aimed to provide home-based medical care providers with essential information to navigate the 2024 Medicare Physician Fee Schedule and maximize revenue streams.

Keywords

HCCIntelligence Webinar

Billing Coding 2024

Evaluation and Management (E/M)Codes

Telehealth

Chronic Care Management (CCM)

Transitional Care Management (TCM)

Social Determinants of Health (SDoH) Risk Assessment

Behavioral Health Services

Preventive Vaccine Administration Services

Caregiver Training

Community Health Integration

Hierarchical Condition Category (HCC) Coding

webinar

revenue streams

Medicare Physician Fee Schedule

home-based medical care

billing and coding

conversion factor

G-2211 code

H.R. 6683

reimbursement opportunities