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How to Help Future-Proof Your 2020 Provider Compensation and Production Data

Posted 3:45 PM by
COVID-19 has thrown a wrench into nearly everything in 2020. Despite the hope that the stroke of midnight on Dec. 31 will bring resounding relief, provider productivity and compensation tracking will continue to see the ghost of 2020 unless preemptive planning has taken place.
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New Coding Changes May Give Physicians a Raise

Posted 1:45 PM by
Every year there are changes to current procedural terminology (CPT) coding that are generally minor text revisions, clarifications, code additions, and code deletions. While important for accurate coding, these annual changes don’t typically have a significant impact on provider compensation.
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HHS Expands PRF Eligibility, Relaxes Fund Usage Requirements

Posted 8:30 PM by
The Department of Health and Human Services (HHS) recently issued a policy update that makes significant changes to the Provider Relief Fund program. The Oct. 22 announcement not only expands PRF eligibility to healthcare providers that were excluded from previous distributions; it relaxes reporting requirements for recipients, allowing them more flexibility in how they apply funds to lost revenue.
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CARES Act Reporting Requirements for Healthcare Providers: What You Need to Know

Posted 6:45 PM by
The Coronavirus Aid, Relief, and Economic Security (CARES) Act created multiple programs to assist healthcare providers in weathering the COVID-19 storm. And while the financial support has been welcomed by the industry, it introduced many new deadlines, rules, and reporting requirements. Here is a summary of what you need to know.
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Indiana Adds New Restrictions on Physician Noncompete Agreements

Posted 3:15 PM by
Indiana recently enacted legislation that will create new restrictions on physician noncompete agreements. Indiana Code 25-22.5-5.5 will affect physician noncompete agreements originally entered into on or after July 1, 2020. Under the terms of the new legislation, a physician noncompete agreement must include and satisfy certain provisions in order to be enforceable.
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How to Compensate Physicians in a Healthcare Crisis

Posted 4:10 PM by
When the Secretary of the Department of Health and Human Services issued blanket waivers of Section 1877 of the Social Security Act (also known as the physician self-referral or Stark Law), it relaxed fair market value (FMV) payment requirements in regard to provider compensation for “COVID-19 purposes.” Even if provider services and the related payments are thought to be compliant with the waivers, organizations should still maintain a sound structure and rationale for determining physician payment levels, and they should also develop a reliable process for administering the payments. One of the biggest concerns hospitals have is how to appropriately compensate their employed providers in light of the COVID-19 pandemic, whether they are providing additional services, being re-allocated to another department, or experiencing a large decline in production due to elective surgery restrictions. Here are a few recommended steps to take for each situation.
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COVID-19 Documentation Essentials for Healthcare Providers

Posted 3:15 PM by
Many healthcare providers have gladly welcomed the variety of economic relief programs designed to soften the financial blow during the coronavirus outbreak. As cash flow management concerns, changes in patient care, and operational issues take center stage, documentation of these funds and how they are used can easily be neglected.
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More COVID-19 Relief Funding on the Way for Healthcare Providers

Posted 8:27 PM by
The Department of Health and Human Services (HHS) has announced a new $20 billion distribution for healthcare providers from the Coronavirus Aid, Response, and Economic Security (CARES) Act Provider Relief Fund. Beginning on April 24, certain providers will receive funds based on information contained in their Centers for Medicare and Medicaid Services (CMS) cost reports.
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7 Important Actions for Physician Practices to Take During the Pandemic

Posted 9:55 PM by
The COVID-19 pandemic has created an array of obstacles for all healthcare providers. While many healthcare workers are front-and-center caring for those suffering from the disease, independent physician practices are suffering from declining patient volumes and a prohibition on elective surgeries. These financial challenges are forcing practices to assess how they can continue to operate during these turbulent times, as healthcare leaders triage their own practices. Here are seven important actions that all physician practices should be taking during this time.
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7 Best Practices for Addressing Physician Compensation During a Crisis

Posted 12:40 PM by
The healthcare community saw the first warning signs of a pandemic that has upended the nation. As some providers race to the front lines to care for those most in need, others have been left with declining patient volume and dwindling cash flow.
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