MEDICARE ADVANCE PAYMENTS
Medicare Advance payments
Eligibility: To qualify for advance/accelerated payments the provider/supplier must:
• Have billed Medicare for claims within 180 days immediately prior to the date of signature on the provider’s/supplier’s request form
• Not be in bankruptcy
• Not be under active medical review or program integrity investigation
• Not have any outstanding delinquent Medicare overpayments.
Amount of Payment Available:
• Most providers and suppliers will be able to request up to 100% of the Medicare payment amount for a three-month period.
How to Apply:
• You must apply through the Medicare intermediary in your state.
EXAMPLES - New York, Connecticut – NGS;
New Jersey, Pennsylvania and Delaware - Novitas
Processing Time:
• Each intermediary will review and look to process payments within 7 business days
Repayment:
• Repayment begins 120 days after you receive payment and you have 90 days from that date to pay it back. You either send a check or Medicare will re-coup from future payments
To speak to us about applying for Medicare Advance Payments, call Anthony Vuozzo at (516) 775-8605 or email anthonyv@ecmmgt.com.
For further details, click the button below to visit the CMS site.