JANUARY 2021 NEWSLETTER
We would like to thank all of our client partners who have helped us grow and shape our business over the past three decades.

We wish you all the best and a very Happy New Year!
PRICE TRANSPARENCY – IS YOUR ORGANIZATION READY?
Starting January 1, 2021, each hospital operating in the United States is required to provide clear, accessible pricing information online about the items and services they provide in 2 ways:

  • Comprehensive machine-readable file with all items and services
  • Display of shoppable services in a consumer-friendly format

CostFlex has been working directly with our clients to develop a solution that utilizes the CostFlex software and decision support databases.

We are happy to announce, the price transparency solution from CostFlex is ready for installation!

Unlike other vendor solutions on the market, the CostFlex tools were integrated with the CostFlex Payer Contracts Analyzer module so that our clients would have “true allowed amount calculations” by payer and shoppable service rather than a simple estimation that most other offerings are basing their product reporting on.

If your organization is running out of time or simply wants the most accurate data available for public posting, please do not hesitate to contact CostFlex today to learn more.

For more information, visit https://www.costflex.com/price-transparency/
ADDITIONAL ICD CODES ADDED TO CLASSIFY AND REPORT COVID-19 FOR CALENDAR YEAR 2021
As a result of the ongoing COVID-19 public health emergency, the Centers for Disease Control and Prevention’s National Center for Health Statistics (CDC/NCHS) is implementing additional codes into the International Classification of Diseases, Tenth Revision, Clinical Modification (ICD-10-CM) for reporting to include:

  • Encounter for screening for COVID-19 (Z11.52)
  • Contact with and (suspected) exposure to COVID-19 (Z20.822)
  • Personal history of COVID-19 (Z86.16)
  • Multisystem inflammatory syndrome (MIS) (M35.81)
  • Other specified systemic involvement of connective tissue (M35.89)
  • Pneumonia due to coronavirus disease 2019 (J12.82)

These new codes will be effective January 1, 2021 to identify conditions resulting from COVID-19.
2021 COSTFLEX USER GROUP CONFERENCE TO BE HELD IN FT WALTON BEACH FLORIDA
It is with great pleasure that we announce our Spring User Conference to be held April 27th to the 29th at the Island Resort on the beautiful Ft Walton Beach Boardwalk.

New this coming year is a brand new format for education and peer networking.
For those client teams that have a need for focused training, one-on-one training is available to the scheduled around the agenda education sessions at the event. Just inquire with your CostFlex Customer Service Representative for more information and scheduling.

Click here for your copy of the Conference Agenda.

Contact us for more information at (800) 398-5753 or support@costflex.com.
(800) 398-5753