Is balance testing profitable for my practice?
(an article and EOB'S)
Thursday, November 2, 2017
We all know balance screening is good medicine. After all, According to the U.S. Centers for Disease Control and Prevention:
One in four Americans aged 65+ falls each year.
Every 11 seconds, an older adult is treated in the emergency room for a fall; every 19 minutes, an older adult dies from a fall.
But does it make good financial sense for your practice?
Let's take a look.
50% of all seniors have a vestibular problem, according to Johns Hopkins.
The initial test reimburses approximately $200-$500 (15 minutes). The exercise instruction is another $30. The patient needs to return in 4 -6 weeks to do a follow-up to check efficacy of treatment $100-$200 (5 minutes).
ENG/VAT
92540 Basic Vestibular Test
92546 Sinusoidal Rotation Test
92547 Use of Vertical Electrodes
THERAPY TRAINING
97110-GP Therapeutic Activities
FOLLOW UP
92546 Sinusoidal Rotation Test
92547 Use of Vertical Electrodes
How many of your patients would answered yes to one of the questions on our prequalification page?
(Down load below)
At just 2 test a day we are talking a minimum of $94k a year
Most of my modest family practicies do 4 to 5 a day
Let’s look at some EOB’s
So we know it is good medicine
We know it pays
We know it’s easy to implement.
If you down load the questionnaires above and hand them out to all your patients for one week, we will know if it is good business for your practice
“I’m so busy, I don’t have time to add another procedure”
Good news. Your M.A.s can administer the test, read the result and teach the treatment plan to the patients. So this really requires no extra work on the physicians part. Just a few moment to review and reinforce the treatment plan with the patient.
Still too much work for you?
Call or email me And I will have 200 questionnaires mailed to you to hand out
Daniel Berry
800-533-7234
Daniel@ R-Binstruments.com