Bill
Bill > S4041
NJ S4041
NJ S4041Requires health insurance carriers to use federal resource-based relative value scale when determining reimbursement values for evaluation and management billing codes appended by modifier 25.
summary
Introduced
06/27/2023
06/27/2023
In Committee
06/27/2023
06/27/2023
Crossed Over
Passed
Dead
01/08/2024
01/08/2024
Introduced Session
2022-2023 Regular Session
Bill Summary
This bill requires health insurance carriers to use a federal resource-based relative value scale when determining reimbursement values for certain evaluation and management billing codes. Under the bill, a carrier will be required to utilize the resource-based relative value scale used by the federal Centers for Medicare and Medicaid Services when determining the reimbursement value for evaluation and management billing codes appended by modifier 25. As defined under the bill, "resource-based relative value scale" means a payment system used by the federal Centers for Medicare and Medicaid Services that assigns monetary value to medical services and procedures based upon the resources needed by a healthcare provider to effectively deliver or perform the service or procedure. This bill is intended to set a standard for reimbursement values of evaluation and management services performed by healthcare providers.
AI Summary
This bill requires health insurance carriers to use the federal resource-based relative value scale when determining reimbursement values for evaluation and management billing codes appended by modifier 25. The resource-based relative value scale is a payment system used by the Centers for Medicare and Medicaid Services that assigns monetary value to medical services and procedures based on the resources needed by a healthcare provider to deliver or perform the service or procedure. This bill is intended to set a standard for reimbursement values of evaluation and management services performed by healthcare providers.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Introduced in the Senate, Referred to Senate Commerce Committee (on 06/27/2023)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.njleg.state.nj.us/bill-search/2022/S4041 |
| BillText | https://pub.njleg.gov/Bills/2022/S4500/4041_I1.HTM |
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