Here's The Latest in Health Care:
• This week CMS releases Medicare payment rates for COVID-19 test CPT Codes. The AMA introduced three new CPT codes, 87635, 86769, and 86328, which can be used by healthcare providers and laboratories to bill payers for testing patients for SARS-CoV2. Medicare will pay $51.31, $42.13, and $45.23, respectively for the codes. Read More
• Telehealth is more in demand than ever during the coronavirus crisis, and a new report from Frost & Sullivan suggests its uptake will increase by 64.3 percent nationwide this year, given the disruptions of COVID-19. Researchers predict that the pandemic will continue to reshape care delivery – and open big opportunities for virtual care in the near-term future. Read More
• More than 70 percent of consumers have already delayed or plan to put off health procedures due to COVID-19, according to a new survey. The survey underscores the issues providers face in convincing consumers to return for in-person care that has been delayed due to the pandemic. While the majority of consumers may be nervous about seeing a doctor, nearly half of the respondents reported feeling very comfortable picking up a prescription at their local pharmacy. Read More
• When commercial payers and providers come to the negotiating table this year, they will do so during a pandemic. The unprecedented financial and public health challenges payers and providers face will, in turn, affect the types of agreements they strike. Jackie Selby, a member of the national law firm Epstein Becker Green, outlines five trends that may affect payer-provider contract negotiations given the COVID-19 pandemic, including shoring up lost revenue for providers. 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.