Step 4: Determine standard supply costs per
billable test for each workstation.
It's a question many CPAs have considered in recent years, especially as more and more consultants have called for the elimination of the
billable hour.
For example, under some contracts, case management is
billable, but under others, it's not, she says.
There are commercial products available to measure productivity using both the
billable test and RVU system; however, the output of these products are impacted by the data the participants provide.
These items and services are paid for separately on a per-service basis and are referred to as "separately
billable." Over time, Medicare's composite rate, which was not automatically adjusted for inflation, covered progressively less of the costs to provide routine dialysis services, while program payments for the separately
billable drugs generally exceeded providers' costs to obtain these drugs.
(4) When hourly billing became widespread, the number of
billable hours expected of firm attorneys dramatically increased as
billable hours clocked and business generated assumed greater importance in evaluating attorney contributions and compensation.
*
Billable receivables--100% identified (previously unknown receivables identified and collected totaling $100 million),
CPA firm fees are increasing while
billable hours are heading in the opposite direction, according to the 2004 Rosenberg Survey: National MAP Survey for CPA Statistics, arguably the most useful annual practice survey of small- and medium-sized firms in the industry.
As soon as we installed the software, we were able to immediately increase
billable service revenues."
You will need to check the specific HCPCS code for the procedure against the consolidated billing Help File to determine if it is excluded from consolidated billing and therefore
billable to Part B by the wound clinic.
The lawyer who pads his
billable hours; the doctor on big pharma's payroll who touts a pricey and unproven drug to trusting patients; the CEO who cooks the books; the taxpayer who fabricates an exemption on his annual return; the teenager who downloads the new Eminem track off BitTorrent or Kazaa--all are cited as instances of "cheating," with little fuss over any distinctions between them.
"Here's what's really undermining modern marriage: soap operas, wedding planning, longer work days, reality TV, low-rise pants, mothers-in-law, Victoria's Secret catalogs, going to bed mad, the
billable hour, and selfishness"