Bill

Bill > S982


NJ S982

NJ S982
Requires 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
01/09/2024
In Committee
01/09/2024
Crossed Over
Passed
Dead

Introduced Session

2024-2025 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. The intent of the bill is to set a standard for reimbursement values of evaluation and management services provided by healthcare providers.

Committee Categories

Business and Industry

Sponsors (1)

Last Action

Introduced in the Senate, Referred to Senate Commerce Committee (on 01/09/2024)

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