The Stead Health Group, Inc. - Medicare payment hold period

WELCOME TO THE STEAD HEALTH GROUP
The Stead Health Group has expertise in Health Care Communication Transformations, Operations Improvement, Strategic Planning and Positioning, Financial Analysis and Turnaround, Program and Service Line Development, Facility Planning and Development. We apply strategy, customized to each client, resulting in tangible, bottom-line financial improvements.

Newsflash

Legislatures in 38 states introduced 121 bills aimed at promoting healthcare information technology in 2005 and 2006, including 36 bills in 24 states that passed and were signed into law, according to a report released by the eHealth Initiative, a consortium of health plans, healthcare IT vendors, providers, laboratories, pharmaceutical companies, medical-device makers and other healthcare organizations promoting IT use in healthcare.

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Medicare payment hold period

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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