tci Medicare Compliance & Reimbursement - 2006 Issue 31

REIMBURSEMENT: 9-Day Cash-Flow Dead Zone Could Be Longer For Many

Prepare now for slow end of September--delay may turn into 12 days.You're already bracing for the nine days of pain in late September--but the situation may actually be worse than you expect. The problem: Medicare plans to hold all claims from Sept. 22 through Sept. 30, as required by the Medicare Modernization Act. The Centers for Medicare & Medicaid Services (CMS) had claimed that all of those claims would be paid promptly on Oct. 2. But now it turns out that may not be strictly true. Some large carriers "may have a little difficulty mailing all of...

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