CMS Reevaluates Accelerated Payment Program
April 27, 2020
Beginning April 26, the Centers for Medicare & Medicaid Services (CMS) announced it would be reevaluating all pending and new applications for the Medicare Accelerated Payment Program (Medicare Part A providers) and immediately suspending the Advance Payment Program (Medicare Part B suppliers). CMS expanded these programs to ensure providers and suppliers had sufficient resources to combat the 2019 Novel Coronavirus (COVID-19). CMS announced these program changes following the distribution of more than $100 billion through the Medicare Accelerated and Advance Payment Program, as well as a combined $175 billion earmarked for healthcare providers and suppliers through the Coronavirus Aid, Relief, and Economic Security (CARES) Act (PL 116-136) and the Paycheck Protection Program and Health Care Enhancement Act (PL 116-139). CMS updated its fact sheet on the Medicare Accelerated and Advance Payment Program with these changes.
The U.S. Department of Health and Human Services (HHS) is distributing the $175 billion through the Provider Relief Fund, with the intent of supporting healthcare-related expenses or lost revenue attributable to the COVID-19 pandemic and to ensure uninsured Americans are tested and treated for COVID-19. More information on the Provider Relief Fund can be found here.