On October 15, 2020, the Centers for Medicare and Medicaid Services (CMS) announced incentives to encourage faster high throughput COVID-19 diagnostic tests. Effective January 1, 2021, Medicare will pay $100 to laboratories that complete COVID-19 diagnostic tests within two days of the specimen being collected while laboratories that take longer than two days to complete these tests will be paid only $75. All laboratories are currently paid $100 by CMS for these tests.
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