Increasing healthcare price transparency is a strategic objective of CMS, which has finalized rules regulating providers of COVID-19 tests.
New COVID-19 Testing Price Transparency Requirements Effective Immediately
Category: Industry News
Stay current on the latest industry news, best practices, and regulatory changes in revenue cycle management. Gain the knowledge you need to make informed decisions and drive successful outcomes for your healthcare organization.
Government Takes Action to Ensure Coverage of COVID-19 Vaccine
CMS helping providers and insurers prepare for swift vaccine administration
COVID-19 Testing Payments and Regulations: What Labs Need to Know
Announcements support faster testing and tighter regulations around reporting
Larger Payments for Labs Producing Faster COVID-19 Results
CMS incentivizes labs to complete high throughput COVID-19 tests quicker
The Centers for Medicare and Medicaid Services (CMS) recently announced starting January 1, 2021, Medicare will pay $100 to laboratories that complete high throughput COVID-19 diagnostic tests within two calendar days of the specimen being collected. Also effective January 1, 2021, for laboratories that take longer than two days to complete these tests, Medicare will pay $75.
COVID-19 Test Pricing: Know the Facts, Protect Your Lab’s Reputation
Concerns about test price gouging may lead to greater scrutiny of costs
Women Among the Hardest Hit Financially by COVID-19 Pandemic
Hospitals, Health Systems and Labs can tailor billing to help ease healthcare burden
UHC Deadline for Lab Test Registry Delayed Indefinitely
College of American Pathologists Presses UHC to Extend Delay
Four Challenges Facing Healthcare Providers in the COVID-19 Pandemic
There has arguably never been a time like this before in healthcare—when receiving maximum reimbursement for every patient is critical.
CMS Price Transparency Rule – What You Need to Know
Price transparency has always been a persistent issue in healthcare. When patients don’t understand what they are being charged and what they will owe it leads to financial stress on the patient and the possibility of not being able to pay their medical bills.
Mitigating the Financial Consequences of COVID-19
Is it time to automate your RCM? Learn more about the advantages and how to evaluate if it would benefit your organization.
