How Does Emergency Medical Billing Services Look In 2021?
2021 proves to be a havoc year for everyone, including the emergency medicine providers. They are being captured in a trap of profitability and revenue crisis right from the advent of 2021. As per the US survey, most emergency medicine physician groups usually have an average profit margin of less than 10%. In fact, the current pandemic situation adds more struggle to them by declining their volume. Apart from this, they are also awaiting the new federal legislation framed for patient’s protection from surprise medical bills, also known as “balance bills.” The surprising fact is that the impact of such legislation on emergency medicine reimbursement is still unpredictable. However, The Centers for Medicare & Medicaid Services (CMS) has issued the Physician Fee Schedule (PFS) proposed rule, 2021, to impact emergency medicine reimbursement significantly. The following are some highlights from the PFS rule, 2021: 2021 RVUs Increase for ED E/M Services T...