CMS TO HOLD CLAIMS BEGINNING APRIL 1, 2021
March 31st, 2021
BREAKING NEWS FROM THE CENTERS FOR MEDICARE AND MEDICAID SERVICES
WHAT YOU NEED TO KNOW
Per CMS – In anticipation of possible Congressional action to extend the 2% sequester reduction suspension, CMS has instructed the Medicare Administrative Contractors (MACs) to hold all claims with dates of service on or after April 1, 2021, for a short period of time.
- This will not affect providers’ cash flow
- It will minimize the volume of claims the MACs must reprocess if Congress extends the suspension
- The MACs will automatically reprocess any claims paid with the reduction applied if necessary
Click HERE to read the announcement in its entirety on the CMS website.
Preferred Therapy Solutions continues to provide vital information that may impact rehabilitation management, reimbursement policies, and clinical programs, supported with compliance and regulatory requirements that are necessary for a thorough understanding of practices and procedures. If you have any questions, please contact Maria Maggi, Vice President of Quality, Outcomes, and Compliance at mmaggi@preftherapy.com.
