The Business Side of FPMRS Practice (On-Demand)-The Business Side of FPMRS Practice Recording

Video Transcription

Video Summary

Dr. Farzandi's webinar, titled "The Business Side of Female Pelvic Medicine Reconstructive Surgery Practice: Basics of Billing, Coding, and Such," covers various topics related to billing, coding, and financial management in medical practice. The video starts with an introduction by Dr. Pamela Coleman, the moderator, who introduces Dr. Farzandi as the speaker.<br /><br />Dr. Farzandi provides an overview of the topics to be discussed in the webinar, including the importance of billing and coding, managing student debt, negotiating contracts and compensation, understanding insurance benefits, optimizing practice operations, and the basics of medical coding and billing. She emphasizes the need for self-reflection and education in the medical field and highlights the financial aspects of practice that need to be understood for financial stability and quality care provision.<br /><br />In one part of the video, Dr. Farzandi focuses on the changes in outpatient office visit codes for 2021. She stresses the importance of accurate documentation and coding to ensure proper reimbursement and warns against undercoding and overcoding, both of which can be considered fraud by CMS. She also explains various modifiers that can be used to indicate unique circumstances and increase reimbursement.<br /><br />Throughout the presentation, Dr. Farzandi emphasizes the importance of healthcare professionals being proactive in managing their finances and understanding the reimbursement process. She provides resources, such as coding workshops and coding manuals, to help healthcare professionals navigate the complex world of coding. She also discusses the shift towards value-based payment models and the growing significance of quality care and cost reduction. Additionally, she touches on the use of telemedicine and the changing guidelines surrounding it.<br /><br />Overall, Dr. Farzandi's presentation provides a comprehensive overview of coding and reimbursement in healthcare, with valuable insights and resources for healthcare professionals aiming to navigate the financial aspects of their practice.

Keywords

webinar

billing

coding

financial management

medical practice

reimbursement

modifiers

fraud

healthcare professionals

coding workshops

telemedicine