Showing posts from May, 2021

CMS Boosts Medicare Reimbursement for COVID-19 Vaccinations

Medicare reimbursement rates will nearly double for the administration of single- and two-dose vaccines. CMS has significantly increased Medicare reimbursements rates for the administration of new COVID-19 vaccines in an effort to accelerate rollout, according to a new announcement. The announcement emailed to journalists earlier today states that the national average payment rate for physicians, hospitals, pharmacies, and other immunizers has risen from approximately $28 to $40 for the administration of single-dose vaccines and from approximately $45 to $80 for the administration of COVID-19 vaccines requiring two doses. Although, the exact reimbursement rate for each dose of a COVID-19 vaccine will depend on the type of entity that administers the vaccine and where the vaccination is furnished. The new rates will apply to vaccinations given on and March 15, 2021. “This new and higher payment rate will support important actions taken by providers that are designed to increase the numb

Trends in the Use of Telehealth During the Emergence of the COVID-19 Pandemic — United States, January–March 2020

Summary What is already known about this topic? Use of telehealth (the remote provision of clinical care) early during the COVID-19 pandemic has not been well characterized. What is added by this report? The 154% increase in telehealth visits during the last week of March 2020, compared with the same period in 2019 might have been related to pandemic-related telehealth policy changes and public health guidance. What are the implications for public health practice? Telehealth could have multiple benefits during the pandemic by expanding access to care, reducing disease exposure for staff and patients, preserving scarce supplies of personal protective equipment, and reducing patient demand on facilities. Telehealth policy changes might continue to support increased care access during and after the pandemic.Article Metrics  Altmetric: News (2) Twitter (149) Facebook (1) Citations: Views:Views equals page views plus PDF downloads Metric Details Figure 2 References   Related Materials P

Key Strategies for Succeeding with Healthcare Bundled Payments

In order to succeed with healthcare bundled payments, providers must engage post-acute care providers, leverage data analytics, and improve their patient engagement strategies. Healthcare bundled payments are a value-based reimbursement model that uses a single, comprehensive payment to address an entire defined episode of care. This alternative payment model has become a critical stepping stone for providers as they explore risk-based purchasing. Unlike other common alternative payment models, such as accountable care organizations (ACOs) and capitation, bundled payments impose clinical and financial responsibility on providers for a single care episode for an individual rather than the ongoing outcomes of an entire patient population. If total care costs for the episode are below the bundled payment reimbursement, providers generate a profit. However, if total costs exceed the bundled payment amount, providers incur a financial loss. Additionally, providers may earn value-based ince

7 ways to increase patient payments

Practices who fail to be proactive about collecting from patients will predictably experience a tsunami of accounts receivable. In most states, medical practices are re-opening and ramping up patient volume. Appointments and procedures are increasing, and physicians are eagerly anticipating an increase of cash flow compared to the past three months. However, the dismal unemployment numbers suggest that patient balances will be increasingly difficult to collect. Here are seven ways to increase patient payments.