The American Medical Association (AMA) has released an update to the Current Procedural Terminology (CPT), introducing a new code for reporting antigen testing of patients suspected to be infected with COVID-19. Approved on June 25 during a meeting of the CPT Editorial Panel, this update signifies a milestone in expediting the review of proposed changes […]
Our goal was to develop a single source of truth that is user-friendly, dynamic, and easily accessible,” said Jeannette Wood, vice president of revenue cycle management for Privia Health. A rapidly changing situation like the COVID-19 pandemic calls for a dynamic solution for tracking billing and coding changes for virtual services from different payers […]
In healthcare, our adaptability and innovative execution in the weeks since the novel coronavirus outbreak has been faster than at any time in the decades the industry has been pursuing system wide innovation. Healthcare innovation combining technology, data integration and data sharing with a core of human-centered care has become our battle cry against COVID-19 […]
Monument Health in South Dakota is adapting to a new definition of patient-friendly medical billing as COVID-19 transforms patient needs and their ability pay for healthcare. Patient financial responsibility has been impacting the hospital revenue cycle far before the world knew what COVID-19 was. But the unprecedented public health crisis has shed new light on patient-friendly […]
CMS is now offering MIPS credit for all participating clinicians of the Quality Payment Program to help report and provide COVID-19 data. The Centers for Medicare & Medicaid Services (CMS) is asking all clinicians in the Quality Payment Program (QPP) to contribute to the scientific research and reporting efforts to help curb the spread […]
As hospitals, health systems and physicians navigate the clinical impact of the COVID-19 crisis, the revenue cycle team at each of these organizations must also be ready to guide the financial care of patients. Fortunately, many experts in the revenue cycle space have successfully endured adversity over the years, including changes in the economy […]
Medicare reimbursement for COVID-19 tests will be about $36 for the CDC test and $51 for those created in house or by other entities. Following the development of new billing codes, CMS is now letting clinical laboratories know how much they will receive in Medicare reimbursement for COVID-19 testing patients. CMS emailed providers last week […]
COVID-19 is creating unique healthcare revenue cycle challenges around billing and coding, patient financial responsibility, and resource allocation. As entire nations encourage their populations to stay inside to avoid COVID-19, healthcare providers are more active than ever in response to the outbreak of the novel coronavirus. This activity is having a significant impact on the […]
On Dec. 31, 2019, as many of us here in the U.S. were celebrating New Year’s Eve, a pandemic quietly began in the Chinese province of Hubei. First identified in Wuhan, the provincial capital, coronavirus (more accurately known as COVID-19 or 2019-nCoV) has spread rapidly in the two ensuing months, resulting in infections, and even […]
Coronavirus continues to dominate the news. This is a developing story will continue to update you on the latest development on this global health crisis. In the wake of the deadly coronavirus (nCoV), U.S. hospitals are preparing for an emergency response nationally by using the four “Ss” – supplies, staff, space, and system. The Centers […]