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

Medicare Payment Advisory Commission (MedPAC) announced that there was a $800M decrease in Part B spending in 2005 as compared to 2004. They attribute this to a shift to an Average Sales Price payment system for physician-administered pharmaceuticals, coupled with declining prescription volumes. One concern raised in their report is that fewer patients have supplemental coverage, particularly in hospital cancer programs. MedPAC report, January 2007

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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