the conclusion of a program that provided billions in early Medicare payments to those affected by the Change Healthcare/UnitedHealth Group cyberattack last winter. The Accelerated and Advance Payment program, which began in early March to assist hospitals and practices facing significant reimbursement delays, will stop accepting applications after July 12, 2024.
According to CMS, the Medicare billing system is now functioning properly, and 96% of the early payments have been recovered. The advances were to representin a 3-month period of 2023, with full repayment expected within 90 days through"automatic recoupment from Medicare claims" — no extensions allowed.
"Our members report that the aftereffects of this event will likely be felt throughout the remainder of the year," he said. According to Teicher, hospitals remain concerned about their ability to process claims and appeal denials, the safety of reconnecting to cyber services, and access to information needed to bill patients and reconcile payments.
Revenue Hospitals Medicare Facial Financial Reimbursement Reimbursement Board Certification Boards Board Recertification For-Profit Hospitals Geriatrics Elder Care Geriatric Medicine Older Adults Seniors Senior Citizens Elderly Managed Care Medicaid
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