Category: Blog

COVID19 ICD-10-CM-Codes

ICD-10-CM Codes Spark Great Interest

Over the past few months, the folks at ICD10monitor have seen an increase in website searches regarding two specific ICD-10-CM codes: U07.1 (COVID-19) and F32.9 (Major depressive disorder, unspecified). Some say that this is a sign of the times, and that may be absolutely true, considering what has gone on in the past four months […]
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Skilled Nursing Facilities

Skilled Nursing Facilities Facing a Financial Crisis from COVID-19

Deemed the epicenter of COVID-19 deaths by many, skilled nursing facilities and other nursing home providers are now on the verge of collapsing without financial help, industry leaders say. Skilled nursing facilities are on the verge of collapsing due to historic underfunding and the financial repercussion of the COVID-19 crisis, according to a new report from the […]
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Telehealth Reimbursement

Providers Want Equal Telehealth Reimbursement Beyond COVID-19

With telehealth reimbursement flexibilities set to expire following the public health emergency period, providers are calling on HHS and policymakers to continue payment parity beyond COVID-19. Telehealth use has increased dramatically in a matter of weeks, enabling providers to continue seeing patients despite social distancing and shelter-at-home restrictions due to COVID-19. But these advancements could […]
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Telehealth Services

New Bill Would Codify Medicare Reimbursement for Telehealth Services

The bipartisan HEALTH Act would make permanent Medicare payments for telehealth services at federally qualified health centers and rural health clinics. U.S. Reps. G.K. Butterfield, D-North Carolina, and Glenn Thompson, R-Pa., introduced new legislation this week that would provide for permanent Medicare payments for telehealth services at federally qualified health centers and rural health clinics. The Helping […]
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Ambulatory Surgery Centers

6 Strategies To Re-Invent The ASC Revenue Cycle

Ambulatory surgery centers have long faced challenges in collecting reimbursement, and that became increasingly difficult as patients shouldered more financial responsibility for their care. However, those challenges have intensified during the COVID-19 pandemic and have resulted in an increased need for centers to accelerate revenue collection due to temporary income loss from suspended procedures. During […]
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Value based reimbursement

Coronavirus May Reshape Investment, Value-Based Reimbursement

The coronavirus pandemic will reshape where and how organizations invest moving forward, according to industry leaders at the Value-Based Care Summit | Telehealth20: Virtual Series. The coronavirus created an unprecedented rise in telehealth across the industry. Projects that would take years to implement were switched on in a matter of days in order to fit the growing […]
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Opportunity for Health Systems

4 Financial Opportunities for Health Systems Amid COVID-19

  Though healthcare organizations have endured a global health crisis that has severely taxed their bottom lines, there are areas for growth coming out of the pandemic. The outbreak of coronavirus disease 2019 (COVID-19) caused one of the most financially crippling situations for healthcare in decades. Besides the clinical implications, hospitals and health systems that […]
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Telehealth After COVID-19

Telehealth After COVID-19: What’s Next for the Healthcare Industry?

Like the rest of the economy, healthcare has been upended by the coronavirus. Not just emergency rooms, but primary care physicians, specialists, and long-term care facilities, too. Struggling to continue providing care in a time of social distancing, many have turned to telehealth in record numbers. Even providers who may have previously viewed telehealth skeptically – perhaps […]
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ICD-10-PCS Coding

ICD-10-PCS 2021 Adds 544 New Codes

  The 2021 ICD-10-PCS files are now available. Inpatient coders will have 544 new codes to work with beginning Oct. 1, 2020, as well as changes to tables and the index. New PCS Codes Additions include several codes for: Insertion of radioactive element into various body sites, by various approaches Fragmentation of various veins and arteries Removal […]
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