Why were payment status indicator (PSIs) created?
a. To initiate correct billing for APCs
b. To generate chargemaster codes for reimbursement
c. To create coding scenarios for special payers
d. To make providers and payers aware of the services and procedures under Opps
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To determine the reason why payment status indicators (PSIs) were created, we need to look at the purpose and role of PSIs in the healthcare industry. PSIs are used to indicate the payment status of different services and procedures under the Outpatient Prospective Payment System (OPPS) in the US.
The correct answer is option d. PSIs were designed to make both healthcare providers and payers aware of the payment status of services and procedures under OPPS. This means that PSIs help determine whether a particular service or procedure will be paid separately or bundled with other services, based on the OPPS payment rules.
To find this information, one can consult official sources such as the Centers for Medicare and Medicaid Services (CMS) website. CMS provides detailed documentation and resources about OPPS, including information on PSIs and their purpose. Additionally, healthcare professionals familiar with coding and billing procedures may also be able to provide insights into the creation and use of PSIs as part of their daily practice.