COVID-19 and Medical Billing Services
COVID-19 virus, also known as the Novel Coronavirus, has been
declared as the world pandemic by the World Health Organization. This is
severely affecting the health and financial aspect of the economy and people in
general.
With
the outbreak of this pandemic across the world, there are various new
challenges every day and the healthcare providers
are implementing new and emergency plans in order to adapt with those
challenges. The healthcare workers are acting as the backbone of the economy
and are playing an important role in response to the outbreak.
As the
number of cases are increasing day by day, telemedicine has emerged
as an important tool. It is the best way to take care of people who have come
in contact with the virus. This allows physicians to treat & communicate
with the patients digitally by protecting their own health at the same time.
Also, it allows the patient to consult without having to leave their home or
possibly spreading the virus.
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With
the rise in telemedicine, the need for medical billing and coding
outsourcing companies is also increasing because they help the physicians to get the
reimbursement for the telemedicine services.
Various
new medical coding guidelines have been established by WHO, AMA and CMS. They
include two new HCPCS (U0001 and U0002), a CPT code (87635), and an ICD-10-CM code (U07.1).
The HCPCS and CPT codes go into effect April 1, 2020 for dates of service on or
after February 4, 2020. The ICD-10-CM code was initially scheduled to go into
effect October 1, 2020, that date has also been moved up to April 1, 2020.
The
Centers for Medicare and Medicaid Services (CMS) is helping healthcare
providers to handle the medical billing and coding aspect of COVID-10 testing
and treatment. It is important to keep hospitals and
practices open during this situation and so running the billing office is very
important.
CMS
helps the providers to handle the medical billing and coding aspects of
COVID-19 testing and treatment and recently came up with the two Healthcare
Common Procedure Coding System (HCPCS) codes that laboratories can use to bill
for certain COVID-19 diagnostic tests.
AMA
announced that a new Procedural Terminology CPT code has been created which
streamlines the Novel Coronavirus testing offered by hospitals, health systems
and laboratories in the United States.
The
code was effective as of March 13th, 2020 for use as the industry standard for
reporting of COVID-19 tests across the nation’s health care system.
The
hospitals and the medical billing are helping a lot and working hard to save us
from this pandemic, but we should also take various precautions in order to
avoid this virus.
Afterall,
precautions are better than cure!
Let’s work together to make
through this pandemic.
Stay healthy, stay safe!
About 24/7
Medical Billing Services
24/7
Medical Billing Services is the nation’s leading medical billing service
provider catering services to more than 43 specialties across the entire 50
states. You can rely on us for end-to-end revenue cycle management. We
guarantee up to 10-20% increase in the revenue with cost reduction of your
practice for up to 50%. Call us today at 888-502-0537 to know more on how we
can help boost profitability for your practice.
Media
Contact –
Hari
Sudan, Media Relations,
24/7
Medical Billing Services,
16192
Coastal Hwy,
Lewes, DE
– 19958
Tel: + 1
-888-502-0537
Email - info@247medicalbillingservices.com
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