It’s been almost 30 years since the CPT codes that physicians and other practitioners are paid under the Medicare Physician Fee Schedule (MPFS) for common office or other outpatient visits for evaluation and management (E/M) services have been revised.
Major Expansion of the use of HHS Phase 3 Stimulus Funds With a Fast Approaching Deadline!
HHS Announced Phase 3 of General Distribution Funding
HHS Provider Relief Fund Reporting Update
Guest Article: Rapid Launch to Virtual Visits: Telemedicine During COVID-19 and Beyond
There will never be a time where face-to-face visits will be obsolete, but COVID-19 has changed our world and brought a heightened awareness and acceptance of telemedicine. If your practice or organization has not mobilized virtual visits, I recommend you get on board quickly. Now is the time to evaluate and reset your practice or organization and find ways to expand your services via telemedicine.
The Potential Benefits of Consumer Driven Health Plans
As healthcare costs continue to rise, your company may be seeking alternatives to minimize the financial strain. One effective cost management strategy is to expand your company’s health insurance offerings to include a consumer-driven health plan (CDHP) and to promote education and awareness about the benefits of enrollment in CDHPs to its employees.
“Zero Based” Budgeting for Healthcare Organizations
For many organizations, the budgeting process typically relies on a baseline assumption of a dollar amount, often based on the prior years operating results, a standard increase, and then finally increases based on current year growth expectations. This process very often can be very much on “autopilot” without much critical analysis from department heads, the finance team and executive oversight.
Potential Additional Funding Available for Daycare and Medical Providers
Most people are aware of the PPP loan program and the economic benefit provided through the forgiveness feature. What you may not know is that there are other economic stimulus components of the CARES Act that you could benefit from … but the timelines are short.
HHS Medicaid Relief
The CARES Act established a $100 billion Provider Relief Fund to help healthcare providers combat the COVID-19 outbreak. The fund was broken down into several categories, with $50 billion going to a General Distribution Provider Relief Fund and the remaining $50 billion to be used for targeted distributions, such as to rural health clinics and Medicaid & CHIP providers.
The Paid Sick Leave Law
The Paid Sick Leave Law (PSLL) was approved by New York State Governor Andrew Cuomo on April 3, 2020, adding to the initial PSLL that was signed on March 18, 2020. This was codified under section 196-b of the New York Labor Law, and it states that employees may begin accruing sick leave as of September 30, 2020, and using sick leave as of January 1, 2021. This law covers all employers in New York State and gives employees a minimum of 40 hours of paid or unpaid sick leave and a maximum of 56 paid hours, depending on the net income and size of their employer. This law does
CARES Act Provider Relief Fund Portal Active, Additional Funds Available for Providers
Guest Article: Yes, ERISA Compliance Applies to Health Insurance Plans as Well as Retirement Plans
Nov 30, 2020
The Employee Retirement Income Security Act (ERISA) was passed in 1974 and protects retirement assets and other employee benefit plans for all Americans.
Increasing Use of Telehealth for Healthcare Providers
Nov 30, 2020
Telehealth, although more than 15 years old, has gained a tremendous level of support due to the Coronavirus pandemic.
Major Expansion of the use of HHS Phase 3 Stimulus Funds With a Fast Approaching Deadline!
Oct 28, 2020
As we reported several weeks ago, the US Department of Health and Human Services (“HHS”) made available an additional $20 billion in stimulus funds to healthcare providers on the frontlines of the coronavirus pandemic. While it is still not clear how these funds will...
HHS Announced Phase 3 of General Distribution Funding
Oct 5, 2020
As part of the ongoing efforts to assist healthcare providers, the Department of Health and Human Services (HHS) announced on October 1st, 2020 the “Phase 3” of the Provider Relief Fund. Phase 3 releases another $20 Billion of HHS Stimulus funding for providers to...
HHS Provider Relief Fund Reporting Update
Sep 22, 2020
Pursuant to the CARES Act passed in March 2020 and augmented by the Health Care Enhancement Act, the department of Health and Human Services (HHS) made certain relief funding available to healthcare providers to assist in response to the COVID-19 Pandemic and the to...
Guest Article: Rapid Launch to Virtual Visits: Telemedicine During COVID-19 and Beyond
Jul 13, 2020
There will never be a time where face-to-face visits will be obsolete, but COVID-19 has changed our world and brought a heightened awareness and acceptance of telemedicine. If your practice or organization has not mobilized virtual visits, I recommend you get on board quickly. Now is the time to evaluate and reset your practice or organization and find ways to expand your services via telemedicine.
The Potential Benefits of Consumer Driven Health Plans
Jul 13, 2020
As healthcare costs continue to rise, your company may be seeking alternatives to minimize the financial strain. One effective cost management strategy is to expand your company’s health insurance offerings to include a consumer-driven health plan (CDHP) and to promote education and awareness about the benefits of enrollment in CDHPs to its employees.
“Zero Based” Budgeting for Healthcare Organizations
Jul 13, 2020
For many organizations, the budgeting process typically relies on a baseline assumption of a dollar amount, often based on the prior years operating results, a standard increase, and then finally increases based on current year growth expectations. This process very often can be very much on “autopilot” without much critical analysis from department heads, the finance team and executive oversight.