World News – GB – CMS to pay labs more for faster COVID-19 tests

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The CMS launched a new incentive on Thursday to encourage labs to process COVID-19 tests faster, giving them more money if they can deliver results in two days or less

Currently, labs are paid $ 100 per high-throughput COVID-19 test they process According to updated guidelines that go into effect on January 1, 2021, only labs that meet the two-day target will receive this payment; labs with slower results will only receive $ 75 per test

« Today’s announcement enables faster high-throughput testing, which will allow patients and physicians to act quickly and decisively when it comes to treatment decisions, physical isolation and contact tracing, « CMS administrator Seema Verma said in a statement.

Labs receiving the highest payments must also perform the majority of all their COVID-19 tests with high-throughput technology within two days of being covered by Medicare, according to the agency

Medicare reimbursement for COVID-19 tests well below commercial insurers’ rates Providers charged insurers $ 144 on average for COVID diagnostic tests, with prices ranging from a dime all the way up to 14,750 $, according to a September study in the Journal of General Internal Medicine, which called for about 182,000 requests for tests provided by independent labs and ambulatory

Hospitals have taken steps to improve the efficiency of their laboratories, ranging from changing the protocol to finding ways to collaborate with other teams of staff

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Medicare, Centers for Medicare & Services Medicaid, healthcare, telemedicine

World news – GB – CMS to pay labs more for faster COVID-19 tests



SOURCE: https://www.w24news.com/news/world-news-gb-cms-to-pay-labs-more-for-faster-covid-19-tests/?remotepost=421658

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