CMS changes payment for some COVID-19 tests: 3 things to know

CMS released new payment guidelines Oct. 15 for COVID-19 tests that offer fast results.

Three things to know:.
1. Starting Jan. 1, Medicare will lower the base payment for COVID-19 tests that utilize high-throughput technology to $75. Labs can get an additional $25 if they provide results in two days or less.

Morgan Haefner –
Friday, October 16th, 2020
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2. CMS discussed: “Laboratories that total a bulk of COVID-19 diagnostic tests run on high throughput technology within 2 days will be paid $100 per test by Medicare, while labs that take longer will receive $75 per test.”.

3. The firm said the goal is to guarantee patients who test favorable are informed faster so they can self-isolate and seek appropriate treatment..

Starting Jan. 1, Medicare will lower the base payment for COVID-19 tests that utilize high-throughput technology to $75. Labs can get an additional $25 if they provide results in two days or less.

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