Hospitals to get Medicare pay hike for care of COVID-19 patients

Hospitals will get a payment boost on Sept. 1 for caring for Medicare beneficiaries diagnosed with COVID-19, CMS announced Aug. 17.  

Four things to know: 

1. Hospitals will get a 20 percent Medicare pay bump for patients diagnosed with COVID-19. A positive COVID-19 laboratory test must be documented in the patient’s medical record for the hospital to receive the higher payment.

2. To receive the payment boost, the COVID-19 test must be taken within 14 days of the hospital admission. Only the results of viral testing that are consistent with CDC guidelines can be used. 

3. Tests performed by an entity other than the hospital, such as by a local government-run testing center, can be manually entered into the patient’s medical record. 

4. CMS may conduct post-payment medical review to confirm a positive COVID-19 laboratory test. If there isn’t a positive test in the patient’s medical record, CMS will recoup the 20 percent payment increase. 

More articles on healthcare finance:
CMS unveils new payment model for rural hospitals: 10 things to know
Steward, medical billing company accused of illegal ‘revenue enhancement’ scheme
18 latest hospital closures, state by state


© Copyright ASC COMMUNICATIONS 2020. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.