Need Medicare payments faster?!
CMS HAS EXPANDED THE ACCELERATED AND ADVANCE PAYMENT PROGRAM
CMS’s Accelerated and Advance Payment program’s purpose is to provide cash-flow relief during a disruption in claims submission and processing like the one we’re experiencing now. Through this program, you will be able to receive payment in as soon as seven days!
Eligibility – If you have billed Medicare for claims within the last 180 days, you qualify! You cannot be in a state of bankruptcy, under medical review or integrity investigation, or have outstanding delinquent Medicare over-payments.
Requesting/Receiving – If qualified, you will need to request a specific amount, up to 100% of your average Medicare payments for three months. Certain inpatient acute care facilities can request up to 100% of six months in payments, while Critical Access Hospitals can request up to 125% of six months in payments.
Repaying – Payment begins after the first 120 days. This is an advance, not a loan. You will receive money now and stop receiving money for a period of time later while you pay back the advance.
Apply through your MAC to take advantage of this opportunity today!Share