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In Medicare Part A, hospitalization benefits, 762 is a Revenue Code used to bill for time spent under medical observation.
The number of units shown reflects the number of hours the patient is confined to an observation room (in the Emergency Department, for example), rounded to the nearest hour. This code is used when a patient is hospitalized fewer than 24 hours, or when observed in the Emergency Department fewer than 24 hours prior to admission to a regular floor.
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