On April 26th, CMS announced that it is suspending its Advance Payment Program for Part B providers effective immediately and will re-evaluate any pending applications. This change comes as a result of the recently passed Paycheck Protection Program and Health Care Enhancement Act which allocated an additional $75 billion in funds for providers. This replenishment of funds adds to the previously appropriated $100 billion in healthcare relief under the CARES Act. As a result, the Advance Payment Program, which was temporarily expanded to include all Part A and Part B providers and suppliers, is suspended.
According to CMS, beginning on April 26th, the agency will no longer be accepting new applications for the Advance Payment Program and will be re-evaluating all pending and new applications for Accelerated Payments in light of historical direct payments made available through HHS’ Provider Relief Fund. CMS does expect additional funding to be made available through other programs to be announced in the near future.
Click Here to read more about the CMS program change.