New Patient Vs Consultation


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Am I understanding correctly that a new patient equals a transfer of care and a consultation is an opinion/advice regarding management of a specific problem?

We are an oncology/hematology practice that will often receive referrals from physicians wanting us to evaluate a blood disorder or clear someone who has abnormal labs for surgery. This is from what I understand a consultation and codes 99201-99205 apply.

But if a patient is referred to us because they have a newly diagnosed cancer and we will be treating the patient and caring for that diagnosis....then it is NOT a consult and new patient codes 99201-99205 apply.

Am I correct??

I am new to this and any information you have would be greatly appreciated.