New Medicare Card: 75% of Claims Submitted with MBI
Medical Practice Management
Jun 20

New Medicare Card: 75% of Claims Submitted with MBI

 

Many providers are using the new Medicare Beneficiary Identifier (MBI) for Medicare transactions. For the week ending June 14, providers submitted 75% of fee-for-service claims with the MBI. Help protect your patient’s personal identity by using their MBI for Medicare business, including claims submission and eligibility transactions. Here is how you are using the MBI on claims:

  • Institutional: 75%
  • Professional: 76%
  • Durable Medical Equipment: 64%

Review the MLN Matters Article to learn about getting and using the MBI.

 

About Reed Tinsley, CPA

As a top advisor to physicians, I help increase practice profits by delivering hands-on, expert medical accounting/tax support, practice counsel, and revenue-building strategies. Read more →