Now that the No Surprises Act has finally come into effect, are you sure that your practice is on the same page with this new legislation?
Did you know that the US Congress enacted the largest spending bill in its history in December 2020? A 5,593 pages-long bipartisan legislation entitled “The Consolidated Appropriations Act, 2021” is aimed at distributing COVID-19 stimulus relief in the Fiscal Year 2021. Apart from over a hundred diverse aspects mentioned in this revolutionary legislation, a significant portion of the Act focuses on improving the financial well-being of millions of insured and uninsured patients nationwide. Specifically, this legislation includes another law within itself – the No Surprises Act. It restricts healthcare providers from billing their patients for performed services when patients are not fully aware of potential charges.