The Centers for Medicare and Medicaid Services (CMS) on June 10 announced that Pinnacle Business Solutions, Inc. (PBSI) has been awarded a contract of up to five years for the combined administration of Part A and Part B Medicare claims payment in Arkansas, Louisiana, and Mississippi.
PBSI will serve as the first point of contact for the processing and payment of Medicare fee-for-service claims from hospitals, skilled nursing facilities, physicians, and other healthcare practitioners in the three states.
The new Part A/Part B Medicare administrative contractor (A/B MAC) will take claims payment work now performed by three fiscal intermediaries and two carriers in the three states. The A/B MAC contract has an approximate value of $178 million over five years. PBSI will immediately begin implementation activities and will assume full responsibility for the claims processing work in its three-state jurisdiction no later than February 2009. Read the press release.
