As providers grapple with the effects of COVID-19, we continue to be your trusted partner, helping your business stay strong so you can focus on what’s most important – quality patient care. For important CMS updates, preparedness information, webinars, educational opportunities and many other resources to help you see your organization through this crisis, bookmark this page. Here’s the latest news:
- Healthcare still waiting on $121B in COVID-19 financial relief: So far, about $291 billion of COVID-19 financial relief for the healthcare industry has been disbursed or committed, leaving about $121 billion still up for grabs, the Committee for a Responsible Budget recently reported. Hospitals are slated to lose at least $323 billion by the end of the year, the American Hospital Association projects. Primary care physicians have already lost $15 billion because of canceled or postponed office visits, Harvard Medical School and American Board of Family Medicine recently estimated. And nursing homes are facing a financial crisis, according to industry groups. Read on for a closer look at the numbers.
- Providers confused by COVID-19 coding, claim requirements: Erratic claim volumes and confusion over COVID-19 coding and claim requirements are the top issues impacting revenue cycle operations, according to a new survey of financial leaders at US hospitals and health systems administered by the Healthcare Financial Management Association’s (HFMA) Pulse Survey program.
- The Centers for Medicare and Medicaid Services (CMS) makes COVID-19 data reporting a condition of participation: COVID-19 data reporting will no longer be voluntary for hospitals participating in Medicare and Medicaid programs, according to a new interim final rule from CMS. The rule updated Medicare and Medicaid Conditions of Participation to require hospitals and critical access hospitals to report positive cases of COVID-19, ICU bed capacity, availability of essential supplies, and other COVID-19 data to the agency daily.
- Skilled nursing distress looms as CARES funding ebbs: Billions of federal stimulus dollars have kept the skilled nursing sector afloat during the COVID-19 pandemic, but as the most recent distributions hit operators’ bank accounts, providers are having to reckon with dire financial conditions.
- Countdown to recoupment: CMS hasn’t started the loan repayment process for home health providers. In an effort to ease the cash flow challenges associated with the COVID-19 emergency, many home health providers took on advance and accelerated payment loans from CMS. Now, the time has come for the recoupment process to begin. But CMS has been quiet on the matter, creating a cloud of confusion among home health agencies and other Medicare providers.
We understand your commitment to provide the best care possible to your patients and communities. At eSolutions, we’re dedicated to ensuring you are reimbursed accurately and rapidly, providing world-class service and enabling access to solutions you need to strengthen your revenue health. If you have questions or concerns, we are available to assist you. Call us at 866.633.4726.