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Newsflash
The Medicare Payment Advisory Commission (MedPAC) yesterday discussed reducing the hospital update in 2008.
 
 
Medicare payment hold period PDF Print E-mail
As part of the Deficit Reduction Act of 2006, the Centers for Medicare & Medicaid Services (CMS) will withhold Medicare payments from Sept. 22-30. Payments on claims that would have been paid during these nine days will be made Oct. 2, that month’s first business day. Because of this one-time hold, CMS will not impose interest or late penalties on entities or individuals for any delay in payment.

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