Pathology/Lab Coding Alert
Find Form 3508S for PPP Loan Forgiveness
Question: How can we apply for loan forgiveness under the Paycheck Protection Act? Montana Subscriber Answer: The good news is that the Small Business Administration (SBA) now has a simplified, one page form (3508S) for you to fill out, as required by the Consolidate Appropriations Act of 2021 (CAA) signed into law late last year. As required by the law, the form asks for only two dollar amounts: the amount of the loan spent on payroll costs and the requested loan forgiveness amount. Filing the form doesn’t guarantee automatic forgiveness of your PPP loan. Reductions such as the salary and hourly wage reduction provision and the full-time equivalent reduction rules apply to loans of $50,000 or less. A link to the new form is at https://home.treasury.gov/policy-issues/cares/assistance-for-small-businesses — scroll down to the “3508S” entry posted Jan. 19 in the “For Borrowers” section. The form is one page, with six pages of instructions following.
Pathology/Lab Coding Alert
- CPT® 2021:
Master GSPs’ Family Features
Learn ‘algorithm’ distinction from MAAA codes. Although CPT® 2021 introduces just one new Category 1 [...] - Coding Basics:
Make Better Modifier 59 Habits This Year
Avoid common, costly billing errors. Payers never stop scrutinizing claims that list “separate and distinct” [...] - Compliance:
Let CERT Spotlight Improper Payment Peril
Focus on lab and pathology data. Despite a drop in the overall improper payment rate [...] - You Be the Coder:
Know When to Use U0005
Question: We’re performing SARS-CoV-2 nucleic acid tests using high throughput technology. Could you explain how [...] - Reader Questions:
Recognize QW for COVID-19 Tests
Question: Which COVID-19 tests should we report with modifier QW, because we are a lab [...] - Reader Questions:
Focus Modifier 22 Skills
Question: I’ve been told we should use modifier 22 only if the pathologist documents at [...] - Reader Questions:
Find Form 3508S for PPP Loan Forgiveness
Question: How can we apply for loan forgiveness under the Paycheck Protection Act? Montana Subscriber [...]
