Panacea has summarized the Centers for Medicare and Medicaid Services (CMS) and American Medical Association (AMA) payment and coding updates, effective July 2020 (with some retroactive changes). Please review the updates for possible implementation in your hospital chargemaster and/or review by applicable department, coding and billing staff.
https://insights.panaceainc.com/wp-content/uploads/2020/06/healthcare-business-graph-and-medical-examination-and-businessman-picture-id1165046681.jpg400566Panacea Insightshttps://insights.panaceainc.com/wp-content/uploads/2020/02/logo-panacea-besler.pngPanacea Insights2020-06-22 07:09:582021-03-18 13:35:43CMS and AMA payment and coding updates, effective July, 1 2020
As many of you have heard, there are major changes coming to evaluation and management (E&M) codes in 2021. The changes were finalized in the 2020 Physician Final Rule.
https://insights.panaceainc.com/wp-content/uploads/2019/12/closeup-shot-womans-they-consulting-and-meeting-with-tablet-computer-picture-id1193042741.jpg400566Panacea Insightshttps://insights.panaceainc.com/wp-content/uploads/2020/02/logo-panacea-besler.pngPanacea Insights2020-06-17 12:12:282021-03-18 13:36:19E&M Changes: How Will They Affect Your Practice?
Compliance plans are critical to making sure your organization is mitigating risk. The Office of Inspector General (OIG) recommends that you audit a minimum of 10 professional encounters per year per physician—but if you’re not going above and beyond that by performing focused audits, you’re putting your practice at risk by ignoring everything else. Not to mention, you may be missing opportunities from under-coding.
https://insights.panaceainc.com/wp-content/uploads/2020/06/searching-for-new-solution-picture-id515785610.jpg400566Tom Fogertyhttps://insights.panaceainc.com/wp-content/uploads/2020/02/logo-panacea-besler.pngTom Fogerty2020-06-17 09:00:012021-03-19 13:13:13What’s on your 2020 OIG Compliance Hitlist?
Telehealth Expansion for Hospitals CMS is increasing access to telehealth for Medicare patients. What this means for hospitals is they will be permitted to code and bill during the PHE for services to which allowed physicians and practitioners employed by the hospital perform a face-to-face visit via telehealth service for a registered outpatient of the […]
In the CMS-5531-IFC dated April 30, 2020, CMS has stated COVID-19 serology antibody testing will be coverable by the Medicare program because they fall under at least one Medicare benefit category. The serology test that detects antibodies to SARS-CoV-2, the virus that causes COVD-19, may potentially aid in identifying patients who have had an immune […]
In the CMS-5531-IFC Dated April 30, 2020, CMS confirmed new guidance for specimen collection services and payment. It is important for hospitals and physicians to review the applicable coding guidance summarized below and implement use for claims reporting as soon as possible. Hospital Outpatient CMS is creating a new E/M code to support COVID-19 testing […]
We continue to monitor CMS updates for coding and billing information that will assist our client laboratories and other hospital laboratories to stay abreast of COVID-19 coding and billing during this public health emergency (PHE). CMS continues to expand billing and clarification for COVID-19 testing for clinical diagnostic laboratories.
CMS guidance for telehealth is changing rapidly. In an effort to continue providing coding and billing assistance to Panacea’s clients and the provider community during this public health emergency (PHE), we are updating the Telehealth coding and billing guidance for providers (physician, nurse practitioner, physician assistant) and have created a listing of eligible codes not […]
We are all adjusting to a new reality in light of the COVID-19 pandemic. We extend heartfelt sympathy to anyone impacted by the virus, and sincere gratitude to the healthcare workers and providers on the front lines battling this unprecedented disease. We’re reaching out to update you on how Panacea is approaching this situation.
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