Tag: accelerated payments

WASHINGTON – CMS has informed all Medicare providers who requested and received COVID-19 accelerated and advance payments during the public health emergency that it will begin recovering those payments as early as March 30.  The exact timing depends on the one-year anniversary of when a provider received their first payment.  “Please be sure your billing staff are aware that the recovery has begun, or will begin soon, but no sooner than one year from the date CMS issued...

WASHINGTON - CMS has suspended its Advance Payment Program to Part B providers and has stopped accepting new applications for the program as of April 26.Additionally, CMS is re-evaluating the amounts that will be paid under its Accelerated Payment Program, as well as all pending and new applications for accelerated payments.The agency made the announcement following the successful payment of more than $100 billion to health care providers through these programs and in light of the $175 billion recently...