CMS is reminding providers that a brief hold will be placed on Medicare payments for all claims during the last nine days of the federal fiscal year (September 22 through September 30, 2006). During this nine-day hold, no interest will be accrued, no late penalties will be paid to an entity or individual, payments will not be staggered, and no advance payments will be allowed. All claims held during this time will be paid on October 2, 2006. The policy only applies to claims subject to payment and not to full denials, no-pay claims, and other non-claim payments such as periodic interim payments, home health requests for anticipated payments, and cost report settlements. Read the CMS reminder.
Access HFMA's resources on Medicare reimbursement.
