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REPAYMENT OF COVID-19 ACCELERATED AND ADVANCE PAYMENTS

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The Centers for Medicare & Medicaid Services (CMS) has published an article informing all Medicare providers who requested and received COVID-19 Accelerated and Advance Payments (CAAPs) that the process has started to recover those payments as early as March 30, 2021. The actual recovery date depends upon the 1 year anniversary of when the first payment was received. The article also gives information on how to identify recovered payments. Please be sure your billing staff are aware that the recovery has begun, or will begin soon but no sooner than 1 year from the date CMS issued the CAAP to you.

To read the article mentioned above, click here.