Individuals responsible for ambulatory payment classifications, billing, revenue cycle management, and chargemaster maintenance, including coders, managers, directors, chargemasters, APC coordinators, revenue cycle managers, perioperative services directors, health information staff, medical records managers, directors of patient financial services, billing office staff, business office managers, pharmacy directors, ancillary departments, nurse auditors, compliance auditors, supply chain staff and purchasing managers.

This virtual event will review the important components specific to Current Procedural Terminology and Outpatient Prospective Payment System changes to the chargemaster(s) effective Jan. 1, 2024.

Learning Objectives:-

Upon completion of this program, participants will be able to:

• Incorporate 2024 codes to individual facility’s chargemasters
• Describe reporting scenarios for reporting new CPT codes
• Identify the impact of new reimbursement levels for APC payments
• Prepare for the healthcare common procedure coding system’s code revisions, changes, and additions beginning Jan. 1, 2024
• Discuss the impact of status indicator changes for 2024
• Discuss packaging concepts impacting Medicare APC payments
• Discuss the 2024 coding changes for drugs, radiopharmaceuticals, and contrast, and the impact on reimbursement
• Discuss how to improve new product implementation processes
• Discuss the importance of correctly billing Add-on IPPS payments for new technology devices
• Discuss how to be prepared to provide department-specific guidance in the proper reporting and utilization of the new codes
• Discuss CMS instructions regarding accurate units of service
• Explain the importance of accurate revenue code assignment
• Discuss the impact of accurate and complete reporting of supply/device costs and future payments
• Discuss the payment for new drugs not yet assigned a specific drug HCPCS code, and understand the risk of billing nonformulary drug charges