Happy New Year! We begin with the telemedicine parity bill signed into law. An achievement made possible by your membership. As the end of the lame duck session approaches on January 8, stay tuned for the full update next week.
Looking forward to reporting VERY GOOD NEWS!
TELEMEDICINE PARITY EXTENSION SIGNED INTO LAW
New Law Extends Pay Parity for Telehealth and Telemedicine Providers through the End of 2024
A new law, sponsored by Assemblyman Herb Conaway, Jr., and Senator Vin Gopal to extend pay parity for telehealth and telemedicine providers until the end of 2024was signed by Governor Murphy on December 21. 2023. Under the new law, P.L. 2023, c. 199, reimbursement payments for providers using telemedicine and telehealth will continue to be equal to or no less than the reimbursement received for in-person consultations through next year.
Many health providers began offering telehealth services to their patients during the COVID-19 pandemic. The federal government through the CARES Act stipulated pay parity for Medicare and Medicaid, and many private insurers followed suit. Pay parity rates are set to expire at the end of this year, and the federal government has not yet decided to further extend pay parity or to make it permanent. This legislation aims to ensure that important telehealth services are not lost at the end of the year.
During the previous legislative session, Governor Phil Murphy conditionally vetoed telehealth pay parity legislation and directed the Department of Health to access the costs and impacts of the practice in New Jersey. The DOH expects the study will be ready next year. By extending pay parity through the end of 2024, the new law provides legislators the time to review the data once the study is complete to make informed recommendations.
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