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Three-digit or four-digit value in the magnetic-stripe that follows the expiration date of the payment card on the track data. It is used for various things such as defining service attributes, differentiating between international and national interchange, or identifying usage restrictions.
For services on and after January 1, 2023, the initial observation service is billed by the admitting physician using the initial hospital inpatient or observation care codes, 99221-99223. The place of service code should identify the patients location as outpatient for the service billed.
Per CMS, POS 27, OutdocHub Site/Street, describes a non-permanent location on the street or found environment, not described by any other POS code, where health professionals provide preventive, screening, diagnostic, and/or treatment services to unsheltered homeless individuals.
The Administrative Simplification Compliance Act (ASCA) requires that Medicare claims be sent electronically unless certain exceptions are met. Providers meeting an ASCA exception may send their claims to Medicare on a paper claim form. (For more information regarding ASCA exceptions, refer to Chapter 24.)
Per CMS, POS 27, OutdocHub Site/Street, describes a non-permanent location on the street or found environment, not described by any other POS code, where health professionals provide preventive, screening, diagnostic, and/or treatment services to unsheltered homeless individuals.

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Place of Service Codes are two-digit codes placed on health care professional claims to indicate the setting in which a service was provided.

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