AMA Wire

Wednesday, Nov. 7, 2012

News for Young Physicians

Toolkit outlines steps to establish a cost-based fee schedule

Toolkit outlines steps to establish a cost-based fee schedule

A set of AMA resources shows physicians how to set a unique practice fee schedule that takes into consideration the expenses of running a practice and providing health care services.

The AMA's Defensible Fee Schedule Toolkit shows physicians how to develop an accurate fee schedule that takes into consideration the expenses of running the practice and providing health care services. Knowing this information before signing a contract with an insurer can help physicians evaluate proposed contracted fees.

The toolkit explains 12 steps for creating a practice fee schedule and offers an easy-to-complete spreadsheet for AMA members (AMA login required).

Additional information about fee analysis is available through the AMA Practice Management Center.

Learn the ins and outs of ICD-10-CM

Adopting the ICD-10-CM code set will require significant planning and training.  Principles of ICD-10-CM Coding equips physicians for a smooth and successful transition. 

The book explains coding guidelines and gives concrete instructions for coding diseases and injuries that are included in the new code set. 

AMA members receive a 25 percent discount on this title and others from the AMA Bookstore.