The agency began recovering the payments March 30. CMS said the recoupment will begin on the one-year anniversary of when the provider received the first COVID-19 accelerated and advance payment.
“Please be sure your billing staff are aware that the recovery has begun, or will begin soon but no sooner than one year from the date we issued the CAAP to you,” the article reads.
CMS will recoup the payments for 11 months at a rate of 25 percent. After the 11-month period, CMS will recover the remaining funds at a rate of 50 percent for six months. After the six-month period, CMS will issue a demand letter for full repayment of any remaining balance.
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