A Reminder for Nursing Home Billers
Contemporary Long-Term Care Weekly, August 15, 2006
CMS issued a reminder last week that from September 22-30, 2006, fiscal intermediaries will not pay any Medicare claims or mail funds out to providers, including nursing homes.
CMS will place a brief hold on Medicare payments during those last nine days of the federal fiscal year, a delay mandated by the Deficit Reduction Act of 2005. The government will not pay any interest on any funds it holds during this time. All claims held during that time will be paid on October 2. However, the policy only applies to claims subject to Medicare payment. It does not apply to full denials or no-pay claims, CMS stated. You can read more about the hold on Medicare payments in a MLN Matters article at www.hcpro.com/content/60538.cfm.
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