CMS recently issued a reminder to all fee-for-service providers and suppliers concerning the Federales’ latest approach to fiscal management. As you no doubt recall, per the DRA "a brief hold will be placed on Medicare payments for all claims during the last 9 days of the Federal fiscal year (September 22 through September 30, 2006). . . . No interest will be accrued and no late penalties will be paid to an entity or individual by reason of this one-time hold on payments. All claims held during this time will be paid on October 2, 2006." So — plan accordingly.
For more information, see the full MLN Matters Article.
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