Category: Revenue Cycle Management

Medicare Reimbursement rate for COVID-19 Testing

CMS Reduces Medicare Reimbursement Rate for Some COVID-19 Tests

The base Medicare reimbursement rate for COVID-19 tests using high throughput technology will decrease to $75 next year unless labs can process results in 2 days or less. CMS will reduce the base Medicare reimbursement rate for COVID-19 tests done by laboratories using high throughput technology, according to a new announcement. The announcement made late last […]
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Healthcare Supply Chain Management

Hospitals Use Supply Chain Analytics to Recover from COVID-19 Losses

The COVID-19 pandemic has challenged healthcare networks throughout the U.S. in unprecedented ways. As financial losses are being surveyed, new opportunities have emerged for hospitals and health systems to not only recover from those losses, but also simultaneously establish cost-saving initiatives in the perioperative area by using optimized supply chain analytics. Healthcare organizations are also recognizing the […]
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New in Remote Patient Monitoring

Remote Patient Monitoring, What’s Changing?

  For the longest time, patient monitoring involved direct contact between healthcare providers and patients. However, advancing technologies are already on their way to change the fundamentals of patient monitoring by enabling mobile monitoring facilities. High-speed networks, extensive connectivity, and the availability of smart devices with patients and doctors alike is making remote patient monitoring […]
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Revenue cycle management innovation and disruption

Providers Want Innovation, Disruption for Revenue Cycle Management

In fact, health system leaders in a new report said revenue cycle management was the area in healthcare that has the greatest need for innovation and disruption like AI. Technology can’t solve all of healthcare’s problems, but providers agree that it can definitely improve revenue cycle management. In a recent survey conducted by KLAS and the Center […]
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2021 Medicare Physician Fee Schedule Rule

Top 3 Concerns with the 2021 Medicare Physician Fee Schedule Rule

Comments on the 2021 Medicare Physician Fee Schedule proposed rule centered on potential payment cuts, telehealth reimbursement, and quality reporting changes. Provider groups are concerned that some proposals in the Medicare Physician Fee Schedule rule for 2021 would exacerbate the financial challenges physicians are already facing during the COVID-19 pandemic, including lack of adequate telehealth […]
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Medicare Reimbursement or Telehealth

CMS Provides Medicare Reimbursement for More Telehealth During PHE

CMS recently added 11 new services to the Medicare telehealth services list, qualifying the services for Medicare reimbursement through the COVID-19 public health emergency (PHE). The new telehealth services cover some cardiac and pulmonary rehabilitation services, as well as certain neurostimulator analysis and programming services. The additions to the Medicare telehealth list were made in […]
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Medicare 2021 Fee Schedule

AMA Calls For Modifications To The Proposed Medicare 2021 Fee Schedule

The American Medical Association (AMA) says the proposed Medicare 2021 fee schedule should be modified to reflect changes brought on by the ongoing COVID-19 coronavirus pandemic. In detailed comments submitted to Centers for Medicare & Medicaid Services (CMS) Administrator Seema Verma, the AMA warned that some proposed regulations in the fee schedule would hurt many practices already […]
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Healthcare Revenue Boosting Tips

Increase Revenue by Improving These 3 Front-End Processes

In today’s competitive environment, creating the ultimate “patient experience” will truly differentiate your surgery center and is paramount to building a successful and growing ASC. To create this experience, a patient should be treated with care, respect and competence in each and every interaction with your staff, your processes, your technology and your surgeons. This […]
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