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Does Medicare use CPT codes for payment?

For Part B services, Medicare pays physicians based on the services they provide.  The American Medical Association (AMA) developed Current Procedural Terminology (CPT) codes to create a taxonomy of...

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ICD-10 is coming…ICD-10 is coming

Many health insurers (public and private) reimburse doctors based on the patient’s diagnosis. If you treat a patient for a more severe illness during a inpatient stay, Medicare pays you more money....

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The problem with a single payer system is…

setting accurate prices.  A single payer does not have a market against which to measure prices; instead, single payers often pay based on provider’s reported cost or a multiplier related to the prices...

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