Practice Management Considerations: Navigating Medical eye care & Vision discount plans
Lesson Summary
In this video, the importance of building and coding appropriately in eye care offices is highlighted, in light of a growing demand for medical eye care.
- The U.S. population is aging, creating a greater need for eye disease management. The number of ophthalmologists is expected to remain stagnant, leading to a gap in medical eye care that needs to be filled by optometrists.
- Medical insurance reimbursement tends to be superior to vision discount plans.
- Patients requiring medical care still need eyewear, leading to additional revenue opportunities.
- Medical patients may require special testing and follow-up appointments, offering more billing opportunities.
While offering medical eye exams can lead to more comprehensive care and utilization of optometric training, there are challenges:
- Medical encounters can be time-consuming and challenging.
- Medical charting demands more time and documentation.
- Complaints and arguments over medical copays can arise.
- Concerns about clinical and documentation errors may be heightened.
Comparisons between medical eye exam reimbursement from medical payers and vision discount plans are also discussed:
- Billing medical eye exams to medical payers can lead to triple-digit reimbursements, much higher than vision discount plans.
- There are considerations regarding patient payments, deductibles, copays, and special testing costs.
- Conversations with patients about billing to medical payers versus vision plans must be navigated with care.
The video suggests two options for billing and navigating these conversations:
- Option 1: Bill the patient's medical insurance for medical complaints, but this may lead to higher copayments than expected by patients.
- Option 2: Bill the patient's vision plan for an exam and have them return for a medical visit, which may affect patient follow-up.
Deciding whether to prioritize chief complaints or the physician's interpretation can vary among eye care professionals, leading to different approaches in practice.
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