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Navigating Your Path Through COVID-19

Financial Health
McKesson Medical-Surgical > Coronavirus Update > COVID-19 Recommendations and Key Info > Navigating Your Path Through COVID-19 > Financial Health

Navigating Your Path Through COVID-19

Financial health: Ways to save, reimbursement guidance & more

Change can be difficult, and you've had a lot of that lately. We want to support your efforts to stay as efficient as possible by helping you save time and reduce costs. We hope these services and resources can help you through some of the challenges you face so you can get back to patient care sooner.

On this page:
Tools that support efficiency  |  Cost management services  |  Telehealth  |  Reimbursement & funding resources  |  Financial support  |  COVID-19 trends impacting providers  |  COVID-19 testing billing & coding  | Resources

Tools that support efficiency

McKesson SupplyManager℠

Beyond being your online ordering platform, did you know there are tools in SupplyManager that can help you stay on top of your changing supply needs, too?

  • Get email notifications on order status, backorders & more
  • Get customized reporting on your expenses
  • Order controlled substances with McKesson CSOSManager℠
  • Create lists & formularies for easier ordering
  • Set approval rules for order transparency
  • Track purchasing with McKesson SpendManager℠
  • Set budgets using McKesson BudgetPlanner
  • Get paperless invoices with Okay to Pay

Start taking advantage of these tools today. Contact your account manager if you need help setting up any of these tools.

Technology consultants

Our McKesson technology consultant team works with you to help you develop an efficient and cost-effective process to navigate the supply chain and enhance the overall health of your facility.

Contact your account manager to arrange a consultation and explore efficiencies and savings options.

Standardization

Standardization can mean many things in a healthcare business, and it can benefit the single facility as well as the multi-site facility. Whatever the number of sites, standardization has the potential to yield positive results, including cost and time savings and also support better patient outcomes. We have several articles on this topic. Learn more >

Cost management services

McKesson Business Analytics℠

Get data-driven insights to improve your business outcomes with McKesson Business Analytics (MBA), our interactive business analytics dashboard. Explore real-time data to analyze purchases of medical supplies, pharmaceuticals, lab and equipment, identify trends in spending and more.

Learn More
McKesson Advantage Club

Save on everyday purchases with McKesson Advantage Club, our savings program for physician offices offering discounts on qualifying name brand and McKesson brand products.

Learn More
Generic Pharmaceuticals

Whether you’re in a physician office or a community health center, we deliver an extensive pharmaceutical product portfolio, including generic pharmaceuticals, help you provide a higher quality of care.

Shop Pharmaceuticals
McKesson Capital

Did you know we offer financing services for your equipment purchases? Our finance team will work with you and your budget to find a payment structure that works for you, so you can get the equipment you need to care for your patients.

Learn more
TRIOSE Freight Management

Gain control of your transportation charges with TRIOSE, our partner offering best-in-class freight management. TRIOSE helps you identify where you may be overpaying on freight by as much as 50%, so you can reduce those costs without compromising care.

Learn More

Telehealth

In response to the COVID-19 pandemic, the rate of adoption of telehealth capabilities within many healthcare settings has accelerated. Recent CMS changes in telehealth may affect reimbursement for telehealth visits and have further accelerated the use of telehealth for both COVID and non-COVID related healthcare issues.

Training course: Changes to telehealth regulations (CMS)

Featured webinar

Preparing for the New Normal: Virtualizing Medical Care Post Pandemic

Published on May 22, 2020 Watch this webinar to learn how COVID-19 has influenced consumer awareness of telehealth and the willingness to use it, review regulatory updates, discuss how to leverage telehealth and explore provider best practices for delivering care via video visits.

Reimbursement & funding resources

Navigating the maze of reimbursement can be hard, but when coupled with the COVID-19 pandemic, the path can be even harder to follow. From COVID-19 testing, coding and changes to telehealth reimbursement, we’ve compiled a list of articles and information that can help you find what you need, overcome the challenges involved and make navigation a little less of a burden on you’ and your staff.

Financial support

  • Financial & employment assistance programs (MGMA)
  • Fact sheet: Expansion of the accelerated & advance payment program for providers & suppliers during the COVID-19 emergency (CMS)
  • Federal COVID-19 financial assistance programs (MGMA)

Financial impact of COVID-19

Featured webinar

COVID-19 Outlook and Q&A Session with Avalere Health & McKesson

Published on May 22, 2020 Watch this webinar to get answers to some top policy questions for general practices in a Q&A call hosted by McKesson and powered by healthcare policy experts from Avalere.

COVID-19 testing billing & coding

To help increase testing and track new cases, CMS created two HCPCS codes for use by labs when billing for certain COVID-19 diagnostic tests. Healthcare providers and laboratories may bill Medicare and other health insurers for SARS-CoV2 tests performed on or after February 4 using:

  • HCPCS code U0001 for tests developed by the CDC
  • HCPCS code U0002 for non-CDC laboratory tests for SARS-CoV-2/2019-nCoV (COVID-19)

Laboratories and other health providers may also bill Medicare for tests using CPT codes created by the American Medical Association, provided testing uses the method specified by CPT code:

  • CPT code 87635 for infectious agent detection by nucleic acid tests for dates of service on or after March 13
  • CPT codes 86769 and 86328 for serology tests for dates of service on or after April 10

Additional Resources

Medicare administrative contractor (MAC) test pricing (CMS)
Current emergencies: payment and coding of COVID-19 laboratory testing (CMS)
Special coding advice during COVID-19 public health emergency (AMA)
CMS coding for COVID-19 & beyond (MedTrainer)

All trademarks and registered trademarks are the property of their respective owners.

Be advised that information contained herein is intended to serve as a useful reference for informational purposes only and is not complete clinical information. This information is intended for use only by competent healthcare professionals exercising judgment in providing care. McKesson cannot be held responsible for the continued currency of or for any errors or omissions in the information.

McKesson is providing HCPCS/ CPT codes based upon information provided by the product manufacturers. McKesson does not make representations about the accuracy of this information. The HCPCS/ CPT codes do not indicate coverage or payment under any federal or state health care program. The entity that submits claims to any federal or state health care program has the responsibility to verify the accuracy of HCPCS/ CPT codes it submits for payment purposes.

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