Program_Memos / 2000 / Ab-00-03

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Note:  The following article synopsis was NOT provided by HCPro. It was created by Find-A-Code/innoviHealth.

Article Overview

This program memorandum from HCFA/Department of Health and Human Services explains a change to the Medicare interest rate used for overpayments and underpayments, including the revised rate, effective date, implementation timing, and a table of prior rate periods. It is relevant to Medicare billing, reimbursement, and finance staff who track regulatory updates and system changes. The article provides administrative guidance tied to a specific federal register publication and identifies the period in which the new rate applies.

Why This Topic Matters

Organizations handling Medicare receivables and payables need current interest-rate guidance to update systems and ensure accurate financial processing. The memorandum also documents prior periods for reference and compliance tracking.

What You Will Learn

  • The purpose of the memorandum and the type of Medicare financial update it announces.
  • The effective and implementation dates associated with the update.
  • How the article presents historical interest-rate periods for reference.
  • Which organizations issued and distributed the memorandum.

Who Should Read This

  • Medicare billing staff
  • Revenue cycle personnel
  • Health information management professionals
  • Compliance teams
  • Healthcare finance departments
  • Coding and reimbursement specialists

Code Ranges Discussed

  • CFR: 42 CFR 405.378

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