|
CMS NEWS
FOR IMMEDIATE RELEASE
April 26, 2020
Contact: CMS Media
Relations
(202) 690-6145 | CMS Media Inquiries
CMS Reevaluates Accelerated Payment Program and Suspends
Advance Payment Program
Today, the Centers for
Medicare & Medicaid Services (CMS) announced that it is reevaluating the
amounts that will be paid under its Accelerated Payment Program and
suspending its Advance Payment Program to Part B suppliers effective
immediately. The agency made this announcement following the successful
payment of over $100 billion to healthcare providers and suppliers through
these programs and in light of the $175 billion recently appropriated for
healthcare provider relief payments.
CMS had expanded these
temporary loan programs to ensure providers and suppliers had the resources
needed to combat the beginning stages of the 2019 Novel Coronavirus
(COVID-19). Funding will continue to be available to hospitals and other
healthcare providers on the front lines of the coronavirus response primarily
from the Provider Relief Fund. The Accelerated and
Advance Payment (AAP) Programs are typically used to give providers emergency
funding and address cash flow issues for providers and suppliers when there
is disruption in claims submission or claims processing, including during a
public health emergency or Presidentially-declared disaster.
Since expanding the AAP
programs on March 28, 2020, CMS approved over 21,000 applications totaling
$59.6 billion in payments to Part A providers, which includes hospitals. For
Part B suppliers, including doctors, non-physician practitioners and durable
medical equipment suppliers, CMS approved almost 24,000 applications
advancing $40.4 billion in payments. The AAP programs are not a grant,
and providers and suppliers are typically required to pay back the funding
within one year, or less, depending on provider or supplier type. Beginning
today, CMS will not be accepting any new applications for the Advance Payment
Program, and CMS will be reevaluating all pending and new applications for
Accelerated Payments in light of historical direct payments made available
through the Department of Health & Human Services’ (HHS) Provider Relief
Fund.
Significant additional
funding will continue to be available to hospitals and other healthcare
providers through other programs. Congress appropriated $100 billion in the
Coronavirus Aid, Relief, and Economic Security (CARES) Act (PL 116-136) and
$75 billion through the Paycheck Protection Program and Health Care
Enhancement Act (PL 116-139) for healthcare providers. HHS is distributing
this money through the Provider Relief Fund, and these payments do not need
to be repaid.
The CARES Act Provider
Relief Fund is being administered through HHS and has already released $30
billion to providers, and is in the process of releasing an additional $20
billion, with more funding anticipated to be released soon. This funding will
be used to support healthcare-related expenses or lost revenue attributable
to the COVID-19 pandemic and to ensure uninsured Americans can get treatment for
COVID-19.
For more information on
the CARES Act Provider Relief Fund and how to apply, visit hhs.gov/providerrelief
For an updated fact sheet
on the Accelerated and Advance Payment Programs, visit: https://www.cms.gov/files/document/Accelerated-and-Advanced-Payments-Fact-Sheet.pdf
###
Get CMS news at cms.gov/newsroom, sign up for CMS news via email and follow CMS on Twitter CMS
Administrator @SeemaCMS, @CMSgov, and @CMSgovPress.
|
|
To be a Medicare Agent's source of information on topics affecting the agent and their business, and most importantly, their clientele, is the intention of this site. Sourced from various means rooted in the health insurance industry - insurance carriers, governmental agencies, and industry news agencies, this is aimed as a resource of varying viewpoints to spark critical thought and discussion. We welcome your contributions.
Sunday, April 26, 2020
CMS NEWS: CMS Reevaluates Accelerated Payment Program and Suspends Advance Payment Program
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment