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Return on Investment with OtoClear® Safe Irrigation Tips
CPT Code 69210 - Removal impacted cerumen (separate procedure), 1 or both ears Non-Facility Average Medicare Reimbursement Per Procedure** ------------------------ $49.95 Amount of Procedures Performed with a Box of 40 tips --------------------- x 40 Break Even (Procedures) ------------------------------------------------------------ 2.38 Revenue Generated with 40 Tips ------------------------------------------------- $1,998.00 Minus the Cost of the Ear Lavage System (40 OtoClear Tips, 1 Portable Waterpik® Unit, 3 Adapter Wands and 1 Irrigation Basin)***---------------- $119.00 TOTAL RETURN ON INVESTMENT ---------------------------------------------- $1,879.00 Facility Average Medicare Reimbursement Per Procedure** ---------------------- $32.62 Break Even (Procedures) ----------------------------------------------------------- 3.65 TOTAL RETURN ON INVESTMENT --------------------------------------------- $1,879.00 CPT Code 69200 - Removal foreign body from external auditory canal; without general anesthesia Non-Facility Average Medicare Reimbursement Per Procedure** ----------------------- $122.32 Amount of Procedures Performed with a Box of 40 tips --------------------- x 40 Break Even (Procedures) ----------------------------------------------------------- 1.03 Revenue Generated with 40 Tips ------------------------------------------------ $4,892.80 Minus the Cost of the Ear Lavage System (40 OtoClear Tips, 1 Portable Waterpik® Unit, 3 Adapter Wands and 1 Irrigation Basin)***--------------- $119.00 TOTAL RETURN ON INVESTMENT --------------------------------------------- $4,773.80 Facility Average Medicare Reimbursement Per Procedure** ---------------------- $57.08 Break Even (Procedures) ----------------------------------------------------------- 2.08 TOTAL RETURN ON INVESTMENT --------------------------------------------- $2,164.20 Return on Investment with The Lighted Ear Curette with Magnification CPT Code 69210 - Removal impacted cerumen (separate procedure), 1 or both ears Non-Facility Average Medicare Reimbursement Per Procedure** ----------------------- $49.95 Amount of Procedures Performed with a Box of 50 tips --------------------- x 50 Break Even (Procedures) ----------------------------------------------------------- 1.59 Revenue Generated with 50 Tips ------------------------------------------------- $2,497.50 Minus the Cost of 50 Tips & 1 Light Source*** ---------------------------------- $79.50 TOTAL RETURN ON INVESTMENT ---------------------------------------------- $2,418.00 Facility Average Medicare Reimbursement Per Procedure** ----------------------- $32.62 Break Even (Procedures) ------------------------------------------------------------ 2.44 TOTAL RETURN ON INVESTMENT ---------------------------------------------- $2,418.00 CPT Code 69200 - Removal foreign body from external auditory canal; without general anesthesia Non-Facility Average Medicare Reimbursement Per Procedure** ----------------------- $122.32 Amount of Procedures Performed with a Box of 50 tips --------------------- x 50 Break Even (Procedures) ------------------------------------------------------------ 1.54 Revenue Generated with 50 Tips ------------------------------------------------- $6,116.00 Minus the Cost of 50 Tips & 1 Light Source*** --------------------------------- $79.50 TOTAL RETURN ON INVESTMENT --------------------------------------------- $6,036.50 Facility Average Medicare Reimbursement Per Procedure** ----------------------- $57.08 Break Even (Procedures) ------------------------------------------------------------ 1.3 TOTAL RETURN ON INVESTMENT ---------------------------------------------- $2,774.50 *Based on 2011 MediCare Fee Shedule. **AMA.org ***Suggested Retail. +Subsequent use requires purchase of 40 tips increasing ROI. ++Facility includes hospitals, ambulatory surgical centers and skilled nursing facilities. +++Non-Facility includes all other settings. Coding
69210 Non Facility* $49.95 Facility $32.62 69200 Non Facility* $122.32 Facility $57.08 https://catalog.ama-assn.org/Catalog/cpt/cpt_search.jsp?locality=XX
Additional Reimbursement Information:
b. During an unrelated patient encounter, the physician observes impacted cerumen or the patient lodges a specific complaint about his/her ear during the encounter; c. Otoscopic examination of the tympanic membrane is not possible due to the impaction; d. Removal of the impacted cerumen requires the expertise of the physician or non-physician practitioner and is personally performed by them; and e. The procedure requires a significant amount of time and effort and all of the above criteria are clearly documented in the patient’s medical record. Click here to view the "Solving Your 9 Biggest Billing Blunders" article on Medical Billing. Reimbursement Guide
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