tci Part B Insider - 2020 Issue Q4

Physician Notes: See New Terms for COVID-19 Loans

Congress prompts CMS to alter repayment rules. With the pandemic still hitting Medicare providers hard, the feds decide to offer a loan recoupment olive branch and push out the deadlines. Reminder: Last spring, the Centers for Medicare & Medicaid Services (CMS) expanded its Accelerated and Advance Payment (AAP) program issuing over $106 billion to providers dealing with COVID-19-related, cash-flow issues. From the outset, the agency offered very strict guidelines for paying the loans back when the payments were first disbursed, setting the recoupment start date at 120 days from issuance. Now: On Oct. 8, CMS announced it would alter...

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