MMA Can Help Your Practice With Issues Related toCOVID-19
Medical Management Associates, Inc. - Healthcare Consulting Logo

3330 Cumberland Boulevard • Suite 200 • Atlanta, GA 30339
Phone: 770-951-8427 • Fax: 770-951-2157

Billing & Finance Tips

Coding

New additions to Current Procedural Terminology (CPT) codes have been set up:

  • 87635 SARS-COV-2 COVID-19 AMP PRB (short)
  • 87635 IADNA SARS-COV2 COVID-19 AMPLIFIED PROBE TQ M (medium)
  • 87635 Infectious agent detection by nucleic acid (DNA or RNA); severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2) (Coronavirus disease [COVID-19]), amplified probe technique (full)

Revenue Cycle

  • Make sure all visit notes are complete and closed.
  • Aggressively work Accounts Receivable.
  • Aggressively work denials.
  • Ensure patient statements are processing.
  • Contact patients and set up payment plans.
  • Verify daily that your billing department or billing service is processing claims, and that they are open for patient calls.
  • Track reimbursement for telemedicine codes for any new telemedicine visits.
  • Audit coding and documentation for new telemedicine visits.

Financing

  • Investigate options for interest free SBA loans
  • Apply for grants which may be available for small business owners
  • Talk to your financial institution about a line of credit or short-term deferral of principal payments

Cost Reduction

  • Review and control expenses, starting with highest dollar first
  • Temporary abatement of physician buy-ins and buy-outs
  • Temporary reduction of physician owner compensation
  • Contact landlord for rent abatement or decrease; if physician owned real estate, defer rent payments
  • Contact I.T. re: reductions in expense as volume decreases, but continue to ensure data is properly backed up and secure

Supporting Documentation

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