Pricing Thoughts Overview
- How do you set your fees?
- How much is too much and how much is not enough?
For diagnostics, some audiologists may look at the fee schedule provided by third parties such as Medicare and wonder if those fees should be the fees for all patients.
For products, audiologists may use manufacturers’ suggested retail pricing to determine how much should be charged.
Topic(s): Coding, Reimbursement, audiology
For the public at large, Medicare evokes the concept of a health insurance plan for the aged or retired population. Created in 1965 to provide a safety net for older individuals who faced substantial medical problems, the benefits available to Medicare beneficiaries are generally more limited than those available through private health insurance plans. Medicare has four parts (Medicare.com, 2018) as summarized in Table 1.
Topic(s): CPT - Current Procedural Terminology, Medicaid, Medicare, Coding, Reimbursement, Practice Management