CMS issued a press release on October 15, 2020, announcing a reduction in payment for COVID-19 high throughput lab testing that is not completed within two calendar days of specimen collection.
In an effort to encourage timely test results, CMS announced that starting January 1, 2021, Medicare will pay $100 only to laboratories that complete high throughput COVID-19 diagnostic tests within two calendar days of specimen collection. Laboratories that take longer than two days will be paid $75 for the tests. Additional information can be found in the press release here.
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