Why Your Practice's Credit Line Is Really a Symptom of a Broken A/R Engine

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  A practice can be busy, profitable on paper, and still struggle to pay its bills on time. That is when a credit line starts looking like a solution. The practice uses borrowed money to cover payroll, vendors, technology, rent, or other operating expenses while waiting for insurance payments to arrive. The problem is that repeated dependence on a credit line can indicate something deeper: the practice is not converting earned revenue into cash quickly enough. The problem may not be a lack of revenue. It may be a broken accounts receivable (A/R) engine. When Revenue Exists but Cash Does Not A medical practice can generate significant charges every month without collecting that money efficiently. Claims can remain in A/R because of coding issues, payer delays, eligibility problems, authorization issues, claim rejections, denials, underpayments, or weak follow-up. The result is a growing gap between services provided and cash received. When that gap becomes large enough, leadership m...
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COVID-19 Emergency Declaration Blanket Waivers for SNFs and NFs

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The Trump Administration is taking aggressive actions and exercising regulatory flexibility to help healthcare providers contain the spread of the 2019 Novel Coronavirus Disease (COVID-19). CMS is empowered to take proactive steps through 1135 waivers as well as, where applicable, the authority granted under section 1812(f) of the Social Security Act (the Act) and rapidly expand the Administration’s aggressive efforts against COVID-19. As a result, the following blanket waivers are in effect, with a retroactive effective date of March 1, 2020, through the end of the emergency declaration. CMS is ending the specific emergency declaration blanket waivers for SNFs/NFs, inpatient hospices, ICF/IIDs, and ESRD facilities. CMS passed several temporary emergency declaration blanket waivers for SNFs which were intended to provide healthcare providers with extra flexibilities required to respond to the COVID-19 pandemic.

Emergency Declaration Blanket Waivers for SNFs

3-Day Prior Hospitalization

Using the authority under Section 1812(f) of the Act, CMS is waiving the requirement for a 3-day prior hospitalization for coverage of an SNF stay, which provides temporary emergency coverage of SNF services without a qualifying hospital stay, for those people who experience dislocations or are otherwise affected by COVID-19. In addition, for certain beneficiaries who recently exhausted their SNF benefits, it authorizes renewed SNF coverage without first having to start a new benefit period (this waiver will apply only to those beneficiaries who have been delayed or prevented by the emergency itself from commencing or completing the process of ending their current benefit period and renewing their SNF benefits that would have occurred under normal circumstances).

Physical Environment

CMS is Waiving Requirements Related to 42 CFR 483.90, Specifically the following:

Provided that the state has approved the location as one that sufficiently addresses safety and comfort for patients and staff, CMS is waiving requirements under § 483.90 to allow for a non-SNF building to be temporarily certified and available for use by an SNF in the event there are needs for isolation processes for COVID-19 positive residents, which may not be feasible in the existing SNF structure to ensure care and services during treatment for COVID-19 are available while protecting other vulnerable adults. CMS believes this will also provide another measure that will free up inpatient care beds at hospitals for the most acute patients while providing beds for those still in need of care. CMS will waive certain conditions of participation and certification requirements for opening an NF if the state determines there is a need to quickly stand up a temporary COVID-19 isolation and treatment location.

To know more about the COVID-19 Emergency Declaration Blanket Waivers for SNFs and NFs, click here: https://bit.ly/3zrYnCv Contact us at info@medicalbillersandcoders.com/ 888-357-3226.

Location: United States

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