
Managing your medical billing as a doctor can be challenging, especially when you’re balancing patient care with administrative tasks. OSCAR Pro has a solution: a billing calendar. This calendar keeps everything in order, helping you stay on top of your important billing deadlines.
We’re excited to introduce our 2024 billing calendar specifically designed for doctors in British Columbia. You can download the calendar here.
Here’s how the calendar works:
Cut-Off Dates
The Medical Services Plan (MSP) processes claims for medically required services rendered by practitioners enrolled in MSP. They process claim submissions in bi-monthly batches and establish cut-off dates for submission to to guarantee timely payment. Claims submitted before 11am on cut-off days will be processed in the upcoming remittance cycle. However, any submissions made after this deadline will be addressed in the subsequent cycle.
OSCAR Pro’s calendar serves as a reminder for claim submission deadlines, ensuring you never overlook an important date. Failing to adhere to these deadlines can disrupt your payment schedule.
Remittance Dates
The remittance statement provides a record of a physician’s paid claims and adjustments for a given payment period. They are issued at the middle and end of each month, displaying the total gross and net amounts billed and paid for each payment, along with adjustments such as interest payments and the Rural Retention Premium.
Knowing when payments are coming helps with planning ahead. OSCAR Pro’s billing calendar shows you when to expect your remittance statement, making it easier to manage your billings.
Payment Dates
The payment of claims is made at the middle and at the end of each month, either via direct bank deposit (electronic funds transfer) or by cheque.
OSCAR Pro’s calendar highlights payment dates, so you can follow up on outstanding invoices promptly. With its user-friendly design, it’s a game changer for doctors looking to streamline their finances and focus on what matters most: patient care.
Designated Holidays and Close-Off Dates
Practitioners should take note of MSP-designated holidays and close-off dates as they impact claims submissions. Designated holidays affect specific claims such as Out-of-Office Hours Premiums fee items while close-off dates are designated semi-monthly cut-off for claims submissions through Teleplan. Claims should be submitted by close-off dates to be processed on the next remittance statement.
MSP Billing Resources
To assist you in navigating billing, we’re sharing some helpful resources:
- The MSC Payment Schedule: A list of approved fees payable to enrolled physicians for insured medical services provided to MSP beneficiaries.
Download the schedule here. - The LFP Payment Schedule: A list of approved fees payable to eligible family physicians in BC who register for the LFP Payment Model.
Download the schedule here. - The Billing Question Library: A repository of tips and tricks on how to effectively bill for your claims. Access the library by logging into your BC Family Doctors account.
About OSCAR PRO
Oscar Pro is a comprehensive platform designed to streamline various aspects of medical practice management. Our EMR offers a range of features tailored to meet the needs of healthcare providers, from electronic medical records to appointment scheduling and billing.
Have questions or looking to get started? Contact us today info@oscarprodesk.ca.