Four details:
1. The new rule requires labs to report COVID-19 data daily to HHS as part of the Coronavirus Aid, Relief and Economic Security Act.
2. CMS will impose a $1,000 penalty for labs that fail to report COVID-19 data for the first day and $500 for each subsequent day of non-compliance.
3. Labs have a three-week grace period before the reporting requirement begins.
4. The rule covers all labs that conduct COVID-19 testing and report patient-specific results, including hospital and nursing home labs.
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