VGM & ASSOCIATESHealthcare MSO

CMS Reevaluates Accelerated Payment Program And Suspends Advance Payment Program

Published in Member Communities on April 27, 2020

An Accelerated/Advance Payment is intended to provide necessary funds when there is an interruption in claim submission. The expedited payments are offered in circumstances including natural disasters or national emergences, such as the COVID-19 pandemic. The temporary loan programs are available to both Part A and Part B providers/suppliers as resource to assist with cash flow disruptions.  
 
Effective April 26th, 2020, CMS will not be accepting any new applications for the Advance Payment Program and will be reevaluating all pending and new applications for the Accelerated Payment Program. Currently, suspension for the Advance Payment Program applies to Part B suppliers.
 
According to the release by CMS, “Since expanding the programs on March 28, 2020, CMS approved over 21,000 applications totaling $59.6 billion in payments to Part A providers, which includes hospitals. For Part B suppliers, including doctors, non-physician practitioners and durable medical equipment suppliers, CMS approved almost 24,000 applications advancing $40.4 billion in payments.”

While the Advance Payment Program may be suspended for suppliers, there are still other opportunities available for funding. Stay tuned for further updates. For any questions related to the Accelerated/Advance Payment Program, please reach out to Ronda Buhrmester at [email protected] or via phone/text at 217-493-5440.

Get Connected

Stay up-to-date on the latest resources and news provided by VGM & Associates.

Sign Up for Email

From Our Experts

Senate Dear Colleague Letter on Power Seat Elevation and Standing Systems Begins to Circulate thumbnail Senate Dear Colleague Letter on Power Seat Elevation and Standing Systems Begins to Circulate Please reach out to your representatives to ask them to sign the Dear Colleague Letters, which request that CMS advance Medicare coverage for power seat elevation system and urge them to promptly move forward with the process for power standing systems. HME Woman of the Year Nominations Now Open thumbnail HME Woman of the Year Nominations Now Open Nominations for the 2022 HME Woman of the Year Award are being accepted through Oct. 28. U.S. Rehab and VGM Government Relations Attend Congressional Briefing in Washington D.C. thumbnail U.S. Rehab and VGM Government Relations Attend Congressional Briefing in Washington D.C. Wednesday, Sept. 14, was a momentous day of advocating for CRT and other key legislative issues. Greg Packer and Tom Powers spent time in Washington D.C. attending the NCART/NRRTS Virtual Congressional Fly-In and a congressional briefing on power seating and standing systems for power wheelchairs. Jamie Downing Named SVP of Program Development for VGM & Associates thumbnail Jamie Downing Named SVP of Program Development for VGM & Associates Jamie Downing has joined VGM & Associates as the Senior Vice President of Program Development. Fall Prevention: Better Outcomes with the FMA thumbnail Fall Prevention: Better Outcomes with the FMA One way in which falls can be prevented is by providing the highest quality of CRT equipment, services, and care to customers, which in turn gives the customer better outcomes and better quality of life. U.S. Rehab Announces Tyler Mahncke as New Vice President thumbnail U.S. Rehab Announces Tyler Mahncke as New Vice President Tyler Mahncke has been promoted to Vice President of U.S. Rehab. Breast Pumps: Adding Incremental Sales with Every Purchase thumbnail Breast Pumps: Adding Incremental Sales with Every Purchase There are additional items expecting and new moms may need that your business can and should be offering. Here's an example of how providing incremental sales items for breast pumps can increase your revenue each year. Take Action on the Medicare Orthotics and Prosthetics Patient-Centered Care Act thumbnail Take Action on the Medicare Orthotics and Prosthetics Patient-Centered Care Act It has been over a year now since H.R. 1990/S. 2556, the Medicare Orthotics and Prosthetics Patient-Centered Care Act, has been introduced in the House and Senate. This legislation would accomplish four key priorities for the O&P profession. Now is the time to take action and ask for your members of Congress to cosponsor.

Give your business an advantage over the competition.

Become a Member