Coding and Reimbursement Basics for the Interventionalist-Understanding the Basics of Medicare

Video Transcription

Video Summary

This video provides a basic overview of Medicare. It explains that Medicare has four parts: Part A covers hospital insurance, Part B covers physician and outpatient services, Part C is Medicare Advantage offered by private payers, and Part D manages prescription drug coverage. The video focuses on Part B, which requires an additional premium and is paid on a fee-for-service basis. It also discusses the role of the Center for Medicare and Medicaid Services (CMS) in managing the program and the different options for Medicare providers, including enrolling, accepting assignment, being non-participating, or opting out. The video emphasizes the importance of understanding Medicare payment policies, coverage guidelines, and using correct coding.

Keywords

Medicare

Medicare overview

Medicare parts

Medicare Part B

Center for Medicare and Medicaid Services (CMS)