CMS Suspends Accelerated Payment Program and Advance Payment Program
The Centers for Medicare & Medicaid Services (CMS) announced that it is suspending its Accelerated and Advance Payment Program (AAP) to Part B suppliers. With the successful payment of over $100 billion to healthcare providers and suppliers, CMS has started constructing guidelines for repayment along with additional funding.
- As of today, April 28, 2020, CMS will not be accepting any new applications for the Advance Payment and will be reevaluating all pending and new applications for Accelerate Payments.
- With over 25,000 applications, CMS is looking for providers and suppliers to pay back the funding within one year or less.
- Significant additional funding will continue to be available to hospitals and other healthcare providers through the Provider Relief Program and the Paycheck Protection Program.
Sources: Centers for Medicare & Medicaid Services
Who is AdvantEdge Healthcare Solutions?
AdvantEdge Healthcare Solutions is a national, top 10 medical billing company that provides billing, coding, and revenue cycle management solutions for specialty medical practices for over 50 years.
