Medicare Compliance & Reimbursement
Add Handy New Summary to Your COVID-19 Resources
Plus: CMS Suspends 2% Payment Adjustment. If you’re overwhelmed by the number of COVID-19 policy changes, you’re not alone. Luckily, a new rules’ summary offers a quick review of the updates. On May 22, the Centers for Medicare & Medicaid Services (CMS) issued an MLN Matters release to consolidate and organize the various policies covered in the March 31 and April 30 interim final rules. The 8-page release, MM11805, covers the Calendar Year (CY) 2020 Medicare Physician Fee Schedule (MPFS) updates outlined in the rules that specifically deal with the public health emergency (PHE). The changes are effective June 12, according to the release. The quick go-to list offers summaries of the following hot PHE topics covered in the interim final rules: Tip: Billing staff should acquaint themselves with the summaries and revise practice protocols, accordingly, suggests the MLN Matters brief. Read MM11805 at www.cms.gov/files/document/mm11805.pdf. In other news… You may get a slight bump in your Medicare reimbursement — at least through Dec. 31. As part of the public health emergency (PHE) outreach and in accordance with Section 3709 of the CARES Act, the Centers for Medicare & Medicaid Services (CMS) is temporarily suspending the 2 percent payment adjustment currently applied to all Medicare fee-for-service [FFS] claims due to sequestration,” according to Medicare Administrative Contractor (MAC) Novitas Solutions. “The suspension is effective for claims with dates of service from May 1 through December 31, 2020.” Plus: Part A providers will also get a reprieve as their 2-percent payment sequestration reductions will cease on all bi-weekly PIP and Pass-Thru payments through Dec. 31. “All bi-weekly PIP and Pass-Thru payments will be adjusted for a 2 percent increase outside of their normal reviews for the bi-weekly payments starting with the remittance on May 22, 2020,” Novitas says. “Individual rate notification letters will not be issued,” the MAC adds.
Medicare Compliance & Reimbursement
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Add Handy New Summary to Your COVID-19 Resources
Plus: CMS Suspends 2% Payment Adjustment. If you’re overwhelmed by the number of COVID-19 policy [...]
