CMS Says It Can’t Change 10.25% Interest On Accelerated Medicare Pay

Hospitals are asking CMS to waive or lower the interest on advanced payments that providers request under the Medicare accelerated pay program, but the agency says it doesn’t have the authority to waive or change the interest rate on Medicare debts -- including those repayments. CMS also says hospitals will have a year before the 10.25% interest rate kicks in. CMS on March 28 announced it would provide emergency funding to Medicare providers by dramatically expanding its accelerated and advance...