tci Medicare Compliance & Reimbursement - 2006 Issue 20
INDUSTRY NOTES: The End Of September Could Be Your Cash Flow Downfall
Medicare will freeze your payments.Brace yourself for nine lean days in late September.The Centers for Medicare & Medicaid Services has once again said it will put a hold on all your payments from Sept. 22 to Oct. 1, the last nine days of Medicare's fiscal year. That means those payments will be pushed into the following fiscal year--and it also means you could have a cash flow problem in late September. CMS issued detailed instructions to the carriers on how to implement the nine-day freeze in Transmittal 940, dated May 5. In Other News... • Kentucky's "Any...
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