backWhile the federal government has emphasized that it is important to administer COVID-19 vaccines as quickly as possible, hospitals still face regulatory requirements that slow the vaccine process. For instance, hospitals must complete the Medicare as Secondary Payer (MSP) questionnaire when administering COVID-19 vaccines to “determine whether Medicare is the primary or secondary payer.” However, the MSP questionnaire is only required when a vaccine recipient’s insurance information has changed. To avoid the burden imposed by the MSP questionnaire, hospitals can “do electronic insurance verification and ask patients whether their insurance has changed.”
Moreover, the Biden administration recently announced that Medicare will now provide reimbursement to providers administering COVID-19 vaccines at nearly twice its previous rates, increasing payments from $23 per shot to $40 per shot for COVID-19 vaccines administered on or after March 15, 2021.
Ahsin Azim, an attorney at King & Spalding, recently commented on the shifting COVID-19 vaccine regulatory requirements. “The regulatory landscape governing the nation’s response to the pandemic is rapidly evolving and changing, keeping us all on our toes,” said Azim.
Click here to see more details.
Click here for our COVID-19 vaccines updates.