• Revenue Cycle Management
  • COVID-19
  • Reimbursement
  • Diabetes Awareness Month
  • Risk Management
  • Patient Retention
  • Staffing
  • Medical Economics® 100th Anniversary
  • Coding and documentation
  • Business of Endocrinology
  • Telehealth
  • Physicians Financial News
  • Cybersecurity
  • Cardiovascular Clinical Consult
  • Locum Tenens, brought to you by LocumLife®
  • Weight Management
  • Business of Women's Health
  • Practice Efficiency
  • Finance and Wealth
  • EHRs
  • Remote Patient Monitoring
  • Sponsored Webinars
  • Medical Technology
  • Billing and collections
  • Acute Pain Management
  • Exclusive Content
  • Value-based Care
  • Business of Pediatrics
  • Concierge Medicine 2.0 by Castle Connolly Private Health Partners
  • Practice Growth
  • Concierge Medicine
  • Business of Cardiology
  • Implementing the Topcon Ocular Telehealth Platform
  • Malpractice
  • Influenza
  • Sexual Health
  • Chronic Conditions
  • Technology
  • Legal and Policy
  • Money
  • Opinion
  • Vaccines
  • Practice Management
  • Patient Relations
  • Careers

Q&A: Setting the right fee schedule

Article

Our fee schedule hasn't changed in a while, and I'm concerned that we're undercharging for some procedures. What can we do to learn whether our fees are at appropriate levels?

Q: Our fee schedule hasn't changed in a while, and I'm concerned that we're undercharging for some procedures. What can we do to learn whether our fees are at appropriate levels?

A: One way to determine if you are undercharging is to look at whether Medicare and any other significant payers are paying 100 percent of what you charge. A more sophisticated approach is to evaluate your fee schedule compared with regional rates. You can do this by purchasing a report from any number of vendors or consultants at the National Society of Certified Healthcare Business Consultants website at NSCHBC.org (go to "Find a Consultant" and select the specialty of "Billing"). Don't just ask colleagues, because the results are anecdotal, and don't conspire to fix fees-that is illegal.

Related Videos
© National Institute for Occupational Safety and Health
© National Institute for Occupational Safety and Health
© National Institute for Occupational Safety and Health
© National Institute for Occupational Safety and Health