Physician Practice

New Interest Rate for Medicare Overpayments and Underpayments: 2nd Quarter FY 2017

Physician Practice Insider, January 24, 2017

On January 11, CMS published Transmittal 280 regarding 42 CFR Section 405.378, which provides for the charging and payment of interest on overpayments and underpayments to Medicare providers. The Secretary of Treasury certifies an interest rate quarterly using the most comprehensive data available on consumer interest rates to determine the certified rate.

Effective date: January 19, 2017

Implementation date: January 19, 2017

This article originally appeared on Revenue Cycle Advisor.

Most Popular