Here's The Latest in Health Care:
• America's Health Insurance Plans (AHIP) and the Healthcare Financial Management Association (HFMA) are offering up some guidance for how providers should code and bill COVID-19 care delivered in alternate inpatient settings such as parking lots and convention centers. New diagnosis and billing codes have been introduced to capture these activities and ensure proper payment, but clinicians and insurers are struggling to keep up with seemingly constant changes in how they are expected to bill and adjudicate claims. Read More
• The American Hospital Association projects that the nation's hospitals will see $202.6 billion in losses through the end of June due to the coronavirus pandemic. America's hospitals and health systems have stepped up in heroic and unprecedented ways to meet the challenges caused by COVID-19. However, the fight against this virus has created the greatest financial crisis in history for hospitals and health systems. Read More
•The COVID-19 crisis has taken a significant financial toll on practices. But where can private practices that are or think they will soon be in a financial bind because of the COVID-19 crisis turn for help? For starters, many practices are asking banks to extend their lines of credit, which have become much more flexible. Other options include tapping into the CARES Act or an SBA loan. Read More
• Telehealth is no longer just a nice-to-have, but instead a must-have for patients and health care professionals during these uncertain times. While we all wish that it hadn’t taken a pandemic to propel telehealth forward, for better or for worse, it has. Telehealth was already experiencing significant momentum and growth prior to this public health emergency and it has become quite clear the ever-evolving power of telehealth will be one of those solutions that become part of our new normal. Read More
Each Friday, Signor Goat reports the latest from the week in health care. Check back next Friday for your dose of our little medical corner of health care news. Brought to you by pMD, innovators in charge capture, secure messaging, clinical communication, and care navigation software.