OTCPK:MEDVF - Post by User
Post by
Sarb99on Apr 19, 2021 12:58pm
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Post# 33022470
Here is why Free PCR result are quicker than Paid ones
Here is why Free PCR result are quicker than Paid onesIf test results are sent to the customer within 48 hours, the company gets paid $100. If it takes more than 48 hours, then the company gets paid only $75.
Beginning, January 1, 2021, Medicare will reimburse independent laboratories $75 per claim (HCPCS codes U0003 and U0004) with a potential add-on reimbursement of $25 (HCPCS code U0005) if the laboratory returned results to patients within 48 hours and returned results for a majority of its tests (Medicare and non-Medicare) during the previous calendar month within two days. The HRSA COVID-19 Uninsured Program plans to continue to reimburse independent laboratories at a rate of $100 for COVID-19 PCR testing claims with HCPCS codes U0003 and U0004 and will not implement the add-on reimbursement for HCPCS U0005 in January 2021.