Physician Practice

Notice of new interest rate for Medicare overpayments and underpayments?second quarter notification for FY 2016

Physician Practice Insider, January 26, 2016

On January 12, CMS released a transmittal updating the interest rate on overpayments and underpayments to Medicare providers. Interest is assessed on delinquent debts to protect the Medicare Trust Funds. The attached recurring update notification applies to Chapter 3, Medicare Financial Management Manual, section 10.

Effective date: January 19, 2016

Implementation date: January 19, 2016

View Transmittal R258FM.

This article was originally published on Medicare Compliance Watch.
 

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