Full-service revenue cycle management for phycisian practices and hospitals

Medicare Payment Amounts for New COVID-19 Tests

Medicare Payment Amounts for New COVID-19 Tests. The Centers for Medicare & Medicaid Services (CMS) has established new codes for laboratory tests for the novel coronavirus (COVID-19). CMS provided pricing for codes U0001 and U0002, but instructed Medicare administrative contractors (MACs) to develop the allowance for the remaining codes.

Codes and Allowances: Medicare Payment Amounts for New COVID-19 Tests

The codes and allowances are as follows:

The following are the national average for the codes.  Your Medicare allowable might be slightly different.

For more information about Medicare Payment Amounts for New COVID-19 Tests visit www.cms.gov/

Medical billing services that maximize profit and cash flow


We understand that your practice needs a swift, reliable revenue stream in order to thrive. And, we know that it takes more than a slick software package to make it happen.  Definitely, It takes the right people. Therefore, we have created unique medical billing services to make your life easier. It is backed by our experience serving physicians since 1995.

We make sure our clients are supported by a billing and collections team carefully chosen for their industry expertise and dedication to customer service. In addition, your PRM team takes full responsibility for the financial health of your practice. If you don’t get paid, we don’t get paid. As a result, this performance-based model keeps our operations lean and focused, and help us achieve one of the highest collection rates in the billing industry.

Finally, when you know the right people are handling your revenue cycle, you can relax and focus on what you do best- delivering excellent medical care.

PRM is here to help make life easier for you and your office staff. Join our medical billing company today and enjoy our benefits! Contact Us

Lanny Menendez
Professional Reimbursement Managers