As a reminder, Covid-19 Accelerated and Advanced Payments repayment will begin this year. The Continuing Appropriations Act established that repayment will begin “one year from the issuance date of each provider or supplier’s accelerated or advanced payment” Medicare will automatically recoup 25 percent of the Medicare payments owed for eleven months, If full recoupment is […]
Everything you need to know about billing Medicare for COVID-19 Vaccines, and certain Monoclonal Antibodies can be found from the link below: https://www.cms.gov/medicare/medicare-part-b-drug-average-sales-price/covid-19-vaccines-and-monoclonal-antibodies CMS has created a provider toolkit to provide further guidance and can be found from the link below: https://www.cms.gov/covidvax-provider
The Senate passed legislation last week to extend the pause on the 2% sequestration reduction through December 31, 2021. The house is expected to take up the bill the week of April 13, 2021, when it returns for a session after the holidays. It is fully expected that the bill will be passed through the
As we learned earlier this week, there has been a push for approval from the FDA for emergency use of a COVID vaccine. On the heels of the news, the AMA announced new CPT codes for each of the two COVID vaccines as well as administration codes for each vaccine. Releasing the CPT codes ahead
There is some good news for providers who requested and received Medicare advance payments. H.R. 8337 Continuing Appropriates Act, 2021, and other Extensions Act states made some changes for repayment for of the Accelerated/Advance Payment that was offered to providers. The changes are: 1. The automatic payments will be extended to now begin one year
This information is current as of 03/27/2020 Our first thoughts: Here at AIEMM, during this time of crisis, above all we hope you and your families are safe. All clinicians, Nurses, Firefighters, police officers, EMT’s, truck drivers, public transportation, garbage people, grocery stores clerk, stockers etc., gas stations and the restaurants who are still trying
As tradition always had it, workers would clock in at their jobs at 9am and clock out at 5 pm. Sometimes, there would be instances in which the employees would be required to come into work early or stay late. With the advent of technology, however, the world evolved and came closer together. People were
Medical billing has changed and continues to evolve. Every time you think you have it all figured out, a new roadblock to reimbursement pops up. Finding and retaining qualified billing staff to handle medical billing and collections has become difficult and costly. A growing number of providers are turning to an outsourced Revenue Cycle Management
Medical billing can be a demanding and challenging task for small medical practices. For this reason, many physicians or practice managers make the choice to outsource their medical office billing to a professional medical billing company. A knowledgeable biller can optimize revenue performance for the practice. Outsourcing medical billing to experts significantly reduces overall provider
Revenue cycle management is the single most important part of your healthcare business. It can literally make or break your operations.That is why choosing the best Revenue cycle management company is the most important and most serious task you will take on. But don’t fret, here we will discuss the most important questions that you
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