2 updates on Medicare payments, loans for small businesses

Anesthesia Business Consultants is providing regular updates to support anesthesia practice management decisions during the COVID-19 pandemic.

Two recent updates:

1. Medicare providers and suppliers can apply for accelerated or advance payments from CMS during the public health emergency. Requests that meet required qualifications should be submitted to the appropriate Medicare Administrative Contractor. Most providers and suppliers can request up to 100 percent of the Medicare payment amount they'd receive for a three-month period. Click here to read more.

2. Small businesses "substantially affected by COVID-19" are eligible to receive a forgivable loan under the Coronavirus Aid, Relief and Economic Security Act's Payroll Protection Plan. The portal to apply for a loan under the Payroll Protection Plan is expected to open the second week of April. Separately, the Small Business Administration is issuing low-interest loans for small businesses to pay fixed debts, payroll and other expenses that could have been settled if not for the COVID-19 pandemic. For more information, click here.

More articles on coding, billing and collections:
Indiana legislators meet resistance on price transparency bill
Maximizing reimbursements in ASCs: A review of reimbursement methodology
Independent ASC created as alternative to hidden surgical prices


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