The federal government’s declaration of a “public health emergency (PHE)” on January 27 2020 is finally coming to an end. On May 11, 2023, the PHE concludes – following a lengthy three-year period combatting COVID-19. While there may be no end in sight to the disease that caused the world-wide pandemic, the conclusion of the PHE will impact many medical practices from an administrative perspective. Let’s run down the key areas that may affect yours:
Hospitals have received a 20% increase in the Medicare payment rate through the hospital inpatient prospective payment system for treating COVID patients; that will be eliminated on May 11. Although this reversal of extra payment won’t affect medical practices, you may hear (lots of) grumbling from the hospital execs in your community.
For more information, see the government’s post about the PHE’s conclusion.
Elizabeth Woodcock is the founder and principal of Woodcock & Associates. She has focused on medical practice operations and revenue cycle management for more than 25 years. She has led educational sessions for a multitude of national professional associations and specialty societies, and consulted for clients as diverse as a solo orthopaedic surgeon in rural Georgia to the Mayo Clinic. She is author or co-author of 17 best-selling practice management books, to include Mastering Patient Flow and The Physician Billing Process: Avoiding Potholes in the Road to Getting Paid. Elizabeth is a Fellow in the American College of Medical Practice Executives and a Certified Professional Coder. In addition to a Bachelor of Arts from Duke University, she completed a Master of Business Administration in healthcare management from The Wharton School of Business of the University of Pennsylvania. She is currently a doctoral student at the Bloomberg School of Public Health of Johns Hopkins University.
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