tci Medicare Compliance & Reimbursement - 2017 Issue 15

Industry Notes: Prepare Now For These 3 CMS-588 Form Changes In Effect Next Year

Plus: Measure your Home Health stats against your peers with new PEPPER data. The Electronic-Funds Transfer Authorization Agreement form, commonly known as CMS-588 , gets a facelift in 2018, according to new guidance from Medicare Administrative Contractor Cahaba GBA. The revamped form forecast to be out this summer and available for use immediately offers providers and suppliers more clarity on EFT authorizations. The revised CMS-588 allows users to name the “financial institution’s contact person” and report whether the funds transfer is for an individual or going to a group or organization. The update also adds “four digits...

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