COVID Medical Billing

Provider Relief Fund Reporting Overdue, New Funds Available

Phase 1 Provider Relief Fund (PRF) reporting is now overdue, but with a 60 day grace period. Plus an additional $25.5 billion is available for application before Oct. 26.

Medical Billing News – August 2021

EFT Fees increasing, Covid vaccine booster reimbursement, Mental Health Parity still an issue, non-Covid healthcare utilization and more

Covid Vaccine Shot Reimbursement Increased

CMS has updated Medicare Reimbursement for Covid vaccine shots including boosters to approx $40. Plus $35 for home administration.

Healthcare Utilization Not Bouncing Back

Recent data throw cold water on expectations that patients will “catch up” on missed treatment, impacting non-COVID physician reimbursement

Repayment of COVID-19 Accelerated and Advance Payments Underway

If a provider received a COVID-19 accelerated or advance payment, CMS will recoup any outstanding balance from the provider’s Medicare payments. This began March 30, 2021, but generally starts on the one-year anniversary of when the provider received their first accelerated or advanced payment.

Paycheck Protection Act Checklist

As we continue to provide resources and expertise to our clients, we want to share our insight with the healthcare industry. We have been informed that applications will be available through your SBA preferred lender Friday, April 3rd. With this information, it has become paramount to start preparing the proper documentation. Sources tell us that…