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Tag: advance payments


News

CMS begins recoupments

April 12, 2021HME News Staff

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...

accelerated payments, advance payments, COVID-19


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Relief funding: CMS stops accepting new applications for advance payment

April 28, 2020HME News Staff

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...

accelerated payments, advance payments, coronavirus outbreak, Medicare Part B


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CMS accelerates payments to providers

March 30, 2020HME News Staff

WASHINGTON - CMS announced on Saturday that it is expanding its accelerated and advance payment program for Medicare participating health care providers, including DME providers, during the coronavirus pandemic.Accelerated and advance Medicare payments provide emergency funding and address cash flow issues based on historical payments when there is disruption in claims submission and/or claims processing.“With our nation's health care providers on the front lines in the fight against COVID-19,...

advance payments, coronavirus outbreak


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