Medicare Reimbursements to Increase Fall 2020

medicare reimbursements to increaseRecently, Centers for Medicare and Medicaid Services proposed a new rule to unleash new technology that will cause medicare reimbursements to increase by 1.6% this Fall 2020.

The rule’s objective is to update the hospital inpatient prospective payment system (IPPS) and long term acute care hospital (LTCH) proposed rule (CMS-1735-P) for the 2021 fiscal year. CMS recognizes the significant impact of the COVID-19 public health emergency, and the limited capacity of health care providers to provide feedback on the proposals and has limited the rulemaking required to focus primarily on essential policies including Medicare payment to hospitals, as well as proposals that reduce provider burden and may help providers in the COVID-19 response. These changes would apply to 3,200 acute care hospitals and approximately 360 long term care hospitals on or after October 1st, 2020.  CMS is proposing a new technology add-on payment pathway for certain antimicrobial products which includes a new MS-DRG for Chimeric Antigen Receptor T-Cell Therapy. CMS estimates a 1.6% increase in IPPS payments overall.

Other changes will be necessary with CMS’s new rule that will affect teaching hospitals and residency programs, the hospital-acquired condition education program, the hospital readmissions reduction program, the hospital inpatient quality reporting program, the PPS-exempt cancer hospital quality reporting program, and others.

CMS’s objective is to ensure that America will have continued access to a world-class healthcare system that delivers potential life-saving diagnostics, therapies through the release of innovative medical technology, and removing barriers to competition. This rule is a step towards accomplishing this goal and delivering current therapies to address the pandemic.

For more information go to CMS Newsroom or download CMS’s proposed rule (CMS-1735_P) here

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Wearable Medical Tech Helps COVID-19 Fight

Recent Wearable Medical Technology Innovations Helps During COVID-19 Pandemic

Wearable Medical Tech Helps COVID-19 fight by providing healthcare professionals with valuable data during the pandemic while preventing future spread. The latest wearables (which includes connected blood pressure monitors, continuous glucose monitors, pulse oximeters, and electrocardiogram monitors) are just the beginning of what is possible. According to ABI Research Wearables Analyst, Stephanie Tomsett,  “There are some exciting wearable deployments in place which are helping to track and monitor the spread of COVID-19,” and can help reduce unnecessary contact between medical staff and patients which helps reduce potential spread.

“Wearables have often been used in medical trials and to aid healthcare professionals to monitor the vitals of many patients simultaneously, both in and out of the hospital, with a focus on specific healthcare issues and the onset of COVID-19 is no exception,” says Stephanie Tomsett, Wearables Analyst at ABI Research.

MC10 BioStamp

Wearable medical technology comes in many forms today. MC10 Bio stamps (see  picture), smartwatches, activity trackers, and small wearable sensors are just some of the innovations that have flooded the market today. Some of these technologies act like a second skin which have circuits that collect power and provide insight and health data to physicians in and out of the hospital. Pairing these technologies with Telemedicine advancements provides us with higher quality healthcare at a distance like never before.

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Hospitals assess to restart essential services

Soft Opening for Healthcare Facilities

Hospitals begin assessing to restart non-COVID-19 essential services after Centers for Medicare & Medicaid Services releases guidelines for healthcare organizations in areas with low or stable levels of COVID-19. Centers for Medicare & Medicaid Services previously recommended hospitals limit nonessential surgeries and medical procedures during the pandemic. The new guidelines encourage a gradual transition back to these services in which healthcare leaders collaborate with local and state public health officials. Hospitals should also assess their supply levels, workforce availability, facility readiness, and testing capacity when deciding when to resume or ramp up in-person care.

“Today, some areas of the country are experiencing fewer cases and lower incidence of the virus, necessitating a more tailored and flexible approach,” CMS Administrator Seema Verma, said in a press release. “Every state and local official will need to assess the situation on the ground to determine the best course forward, but these guidelines provide a gradual process for restarting non-COVID-19 essential care while keeping patients safe.”

In anticipation of these new changes, we are hopeful to see a ramp-up in the need for nationwide coverage as hospital care and services. For more information on current jobs or to submit a request for coverage click the links below.

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Source: Becker’s Hospital Review – COVID-19 Update

Specialty Boards extend Certifications due to COVID19

Specialty Boards waive Certifications requirements due to #covid19. Check out ABMS.org for more details and on ongoing updates. #healthcare #locumtenens #physicianjobs

Throughout the COVID19 epidemic, the American Board of Medical Specialties and its 24 Member Boards are prioritizing the health and well-being of health care providers, patients, and the general public.

ABMS Article

MDSP Blog