Archive for The Day of June 17th, 2020

Archive for the Day of June 17th, 2020

Welcome to the medical billing blog archive for the day of June 17th, 2020.

Here you will find links to every article added to the Outsource Management Group web site during June 17th, 2020.

You can browse this day's archives by clicking the "More" button from any of the excerpts below.

Poor Payer Reimbursements are Effecting Practices During COVID-19

HealthIT Answers posted an interesting article on how the pandemic is effecting providers. “Most physicians who have been practicing for a few decades remember the days when private payer reimbursements dwarfed Medicare reimbursements. That dynamic has long since flipped, starting with the 2008 recession. Reimbursements have been flat or have lost value from inflation, while practice costs have seen double-digit increases. Meanwhile, hospitals and insurance-owned health networks have seen reimbursements increase to 300% or more of Medicare in some cases, whereas it’s not uncommon for private practices to receive rates far below Medicare standards. Many practices have seen their volumes decrease from 30% to up to 90%, and a significant

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