Don’t you hate it when you go to a meeting, and some attendees are spending more time on their electronic devices than listening? Do you become angry when you are trying to train physicians on coding and clinical document improvement, and those who need what is being said the most are browsing Facebook or reading email? ...
In Billing
Apr 27th, 2012
Providers and suppliers of health care services and supplies to Medicare beneficiaries will pay contractors more in interest for unrecouped overpayments and delinquent underpayments in this second quarter. The Treasury Department recently notified the U.S. Department of Health & Human Services (HHS) that the private consumer rate has changed. Medicare Overpayments/Underpayments Interest Rate on...
In Billing
Feb 10th, 2012
The Centers for Medicare & Medicaid Services (CMS) is implementing an immediate recoupment process for demanded overpayments. As it stands, Medicare contractors begin recoupment of an overpayment on day 41 from the date of the initial demand letter. Effective July 1, 2012, however, providers can request recoupment to begin prior to day 41. Providers who ...
In Audit
Jul 29th, 2011
Providers and suppliers of health care services and supplies to Medicare beneficiaries will pay contractors more in interest for unrecouped overpayments and delinquent underpayments in this third quarter. The Treasury Department recently notified the Department of Health & Human Services (HHS) that the private consumer rate has changed. New Interest Rate for Medicare Overpayments/Underpayments ...
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...