Psychiatr News September 1, 2006
Volume 41, Number 17, page 13
© 2006 American Psychiatric Association
Psychiatric Practice & Managed Care APA Office of Healthcare Systems
and Financing
|
Nine-Day Hold on Medicare Claims
The Deficit Reduction Act of 2006 mandates a one-time hold on Medicare
payments during the last nine days of the 2006 fiscal year, September 22 to
September 30. Claims that would have been paid during this period will be held
until the first business day of October (October 2). No interest or penalty
will be paid because of the delay.
While the hold on Medicare payments is not expected to have a major impact
on individual practices, it's helpful to be aware of the policy so that you'll
know why payment of your claims is taking more time than usual in late
September. 
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