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Before we get into the record specifications for billing oxygen claims, we're going to briefly discuss what is involved with oxygen billing and what it cover

According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product

s. In spite of what a lot of people think, it's more than just the oxygen itself. Oxygen billing, as a part of medical billing itself, is one of the most w

; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.

Examples of combination products may in

dely billed items.

Part of the reason for this is because of the number of smokers we have in the United States, which is where these billing specifications

lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.

are meant for. Unfortunately, one man's suffering is another's prosperity. The number of smokers in this country who ultimately end up with chronic respira

here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe

ory disease are the main contributors to the oxygen billing industry. It is estimated that if smoking didn't exist, at least 75% of the number of oxygen cla

d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.

Combination pro

ms could be avoided. While nobody has actually proven this statistic, certainly the overall problems that have been uncovered because of smoking, do at leas

ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc

partially support this theory. Hopefully, the day will come when smoking is a thing of the past and these theories can be proven.

However, until that happ

easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi

ens, oxygen billing will be big business. And as was stated up above, it is more than just billing oxygen. There are a number of pieces of equipment that g

nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically

along with a patient who is on oxygen. All of these items are billable and come with quite a high price tag. And everybody wants to get a piece of the pie

and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ

from the manufacturers of the equipment itself to the doctors to the forms makers to the billers. It's no wonder that medical costs are so sky high. And o

ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi

course as is true with just about everything else, where the demand is the greatest, the costs are also the greatest. In comparison to other billable items

ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

Following aspects would a

oxygen therapy ranks up towards the top.

The actual items that are billable cover quite a range of things. There is of course the oxygen itself, which the

dd to the challenges in developing combination products:

Which markets to tap where the combination products can do fairly well?
Which combination prod

literally bill by the liter. Every breath is costing somebody a fortune. And of course the oxygen has to be contained in something and also distributed vi

cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin

some means.

Probably the most common way for oxygen to be administered to a patient is through a device called a concentrator. And make no mistake about i

tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen

t, these things cost a pretty penny. Concentrators are made up of a number of parts, all of which can easily break down. So concentrator repairs also add t

t?

As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel

the cost of these claims. In some cases the concentrators are under warranty, but for patients who are on oxygen long term, such as patients who have serio

ping new procedures for reviewing their safety, efficacy and quality.

Professional from academic institutions, pharmaceutical industries, health care indust

s lung diseases, these warranties are usually only good for a year. After that, any repairs have to come out of the patient's pocket.

Of course none of thi

y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products

even touches on the complexities of oxygen billing, which require calculations and conversions in order to bill the exact amount of oxygen the patient must

.

As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de

et per every 30 days or so. This also is added to the cost of billing and the ultimate cost to the patient or insurance company, which ultimately leads to h

elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

Companies that provide selfless information through particip

gher premiums.

In our next installment, we'll begin our coverage of the GX records, which are used for medical billing of oxygen claims via electronic media

tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products

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