May 14th, 2014
The Office of Inspector General (OIG) issued a proposed rule May 12 to amend the civil monetary penalty (CMP) rules at 42 CFR parts 1003 and 1005, which the agency is authorized to do under the Affordable Care Act of 2010 (ACA). ACA provides for CMPs, assessments, and exclusion for: Failure to grant OIG timely ...
In Billing
Apr 15th, 2011
The interest rate Medicare contractors will charge/pay for claims underpayments/overpayments has changed. Beginning April 19, the private consumer interest rate is 11.00 percent—compared to 11.25 percent in the previous reporting period (Jan. 24 – April 18). Medicare Over/Under Payments Have New Interest Rate was last modified: July 5th, 2011 by admin aapc...
In Billing
Apr 30th, 2010
Medicare contractors will charge/pay a slightly lower interest rate for underpayment/overpayments this period than in the last. Effective April 23, the interest rate is 10.875 percent. New Interest Rate for Medicare Over/Under Payments was last modified: July 5th, 2011 by admin aapc...
In CMS
Jan 29th, 2010
Underpaying Medicare claims will cost your practice a little more now than it did just a few weeks ago. The Department of the Treasury recently notified the Department of Health and Human Services (HHS) of the private consumer interest rate that may be assessed for underpayments and overpayments. On the bright side, the new interest ...