Oncology Billing Changes In 2023
The promptness of your billing, account follow-ups, and reimbursements have a significant impact on your oncology practice’s financial performance. Being in compliance with all cancer billing regulations is essential to ensuring your facility’s profitability. However, given how frequently oncology medical billing regulations change, it might not always be simple to remain compliant. Let’s glance through several Oncology Medical Billing changes that took place in the year of 2023 1. Payments for radiation oncology and hematology/oncology are being reduced Due to changes in RVU, payments to doctors who specialize in radiation oncology and hematology/oncology are anticipated to fall by 1% in 2023. The impact on hematology/oncology can be attributed to changes in practice expense (PE) RVUs, whereas the impact on radiation oncology can be ascribed to changes in work RVUs. The simultaneous termination of the interim 3% payment rise that physicians received in 2022 to assis...