As the COVID-19 Public Health Emergency continues through 2020, CMS has recently updated guidelines for post-payment reporting, E&M CPT coding, and Medicare Physician Fee Schedules. CARES Act Provider Relief Funding – Post-Payment Reporting and Auditing Requirements Since April 2020, the CARES Act Provider Relief Fund has provided distributions from the General and Targeted funds to healthcare entities. Within the Terms & Conditions, recipients receiving more than $10,000 have agreed to participate in post-payment reporting processes. The deadlines and reporting requirements have been in development throughout the distribution periods. The most recent guidance was published on September 19, 2020 and outlines the data elements that must be gathered and submitted. We will outline recent guidance on reporting coronavirus-related expenses, lost revenues, other financial assistance and non-financial data and deadlines for submission. Proposed 2021 E&M Changes to the Medicare Physician Fee Schedule In August 2020, CMS released proposed 2021 changes to the Evaluation and Management (E&M) CPT codes on the Medicare Physician Fee Schedule. The proposed changes include both a shift in wRVU values and a reduction in the conversion factor. If approved, these changes would go into effect on January 1, 2021. While they are not finalized, they are significant enough to warrant an evaluation of the potential impact on reported provider productivity and reimbursement. We will briefly review the main proposed 2021 Evaluation & Management changes and will also discuss potential impacts to practice reimbursement and physician compensation models. Presenting Experts:
Kassouf promotes 19 employees, names four principals
Kassouf manager named Accounting Rising Star
Forbes names Kassouf 2021 top firm
Watch on Demand: CARES Act and CMS Update
Kassouf promoted 19 team members in January, with four employees named principals. Kassouf’s vision of upward mobility and continuous improvement drove these promotions. “We are incredibly proud of these team ... Read More
Kassouf Manager Brad Stephen, CPA, was named a NextGen: Accounting Rising Star by the Birmingham Business Journal. Brad will be honored with a distinguished group of professionals in the February ... Read More
Forbes named Birmingham-based Kassouf one of the top firms of 2021 in their annual America’s Best Tax and Accounting firms list Dec. 3. The complete list can be viewed here ... Read More
- CMS Proposed Changes to wRVU Values and Conversion Factor
- Kassouf Named One Of 2020’s Best Firms For Women