The Centers for Medicare and Medicaid Services (CMS) has released the final set of rules that will govern the Medicare payment system for the coming year, thereby affirming the drastic cut in radiology reimbursement for 2021 that was proposed earlier this year. There were few surprises in the Medicare Physician Fee Schedule (MPFS) Final Rule that were not contained in the proposed rule, other than a slight improvement in the fee schedule conversion factor and a change to the QPP Performance Threshold.
Major Cut in Radiology Reimbursement For 2021 Is Finalized By CMS on December 7, 2020
Categories: radiology reimbursement, cms, MPFS, radiology, QPP
Is it Time for Radiology Groups to Submit PPP Loan Forgiveness Applications? on November 23, 2020
It’s been a while since we looked at the Paycheck Protection Program (PPP) and its loan forgiveness feature. Since the beginning of the program in April it has undergone some revision, many questions have been answered, and yet the answers to some questions remain unclear. Currently there is much discussion of when to file the application for loan forgiveness, with renewed concern about the taxation aspects of the PPP.
ICD-10 Coding Changes For 2021 That Will Impact Radiologists on November 13, 2020
There are 490 new ICD-10-CM[i] codes that became effective on October 1, 2020, all of which are replacing existing codes. An additional 47 codes have been revised and 58 were deleted. Two new codes, U07.1 for COVID-19 and U07.0 for vaping-related disorders, took effect on April 1, 2020. They are contained in a new section of the guidelines, Chapter 22 “Codes for Special Purposes (U00 – U85)”.
Categories: radiology reimbursement, icd-10, radiology
Can Radiologists Effectively Bill for COVID-Related Costs? on October 14, 2020
Radiologists practicing in an imaging center or other non-hospital facility have a new tool available that will potentially allow them to recover some of the added costs related to safety precautions taken during the COVID-19 public health emergency. CPT code 99072 was added by the American Medical Association (AMA) Current Procedural Terminology (CPT®) Editorial Panel on September 8, 2020, with immediate effect. While payment for this code is not yet available from Medicare, it might be reimbursed by some commercial payers.
Categories: radiology reimbursement, radiology, COVID-19
Medicare Delays Recoupment of Advances on September 10, 2020
One of the fastest and easiest sources of emergency funding available to practices at the outset of the COVID-19 pandemic was the Medicare Accelerated and Advanced Payment Program. As we recently reported, the initial timetable called for repayment of those advances to begin 120 days after the advance was made. Repayment was to be accomplished through reduction of Medicare reimbursements otherwise payable to the practice currently, until the full amount of the advance was repaid.
Categories: medicare, medicare reimbursement, cms, radiology, COVID-19
Radiology’s Declining Reimbursement Spans More Than A Decade on August 20, 2020
The average cut of 11% in radiology reimbursement that is proposed by the Medicare Physician Fee Schedule for 2021 (MPFS) is the continuation of a trend that spans more than a decade.
Categories: radiology reimbursement, medicare, medicare reimbursement, MPFS, radiology
Medicare Proposed Major Cut in Radiology Reimbursement for 2021 on August 14, 2020
The Centers for Medicare and Medicaid Services (CMS) has released their annual proposal for changes to the Medicare payment system for the coming year. The Medicare Physician Fee Schedule (MPFS) Proposed Rule contains not only proposed adjustments to Medicare reimbursement but also proposed changes to the Quality Payment Program (QPP) for 2021 and beyond.
Categories: radiology reimbursement, medicare, medicare reimbursement, cms, radiology
What Did Radiologists Miss While Focused On COVID-19? on July 13, 2020
Since the end of March we all have been focused on the impact of the public health emergency created by the COVID-19 pandemic, but slowly our attention is returning to the other ongoing issues of operating a practice. Let’s review some important topics that still exist on our radar screens.
The first article in our three-part series covered workplace safety policies, changes to your office space, and workflow processes, while the second article discussed human resources and patient scheduling considerations. In this final article, we look at ways to strengthen the return of patient volume to your practice through community collaboration and marketing.
The first article in our three-part series covered workplace safety policies, changes to your office space, and workflow processes. Next, we will discuss the many aspects of human resource management and address patient scheduling in this new environment.
