Deficit Reduction Act of 2005 – Nine-Day Payment Hold

Written by Reed Tinsley | July 19, 2006

CMS Contractor Provider Education Resources Listserv and CMS JSM-06549, dated July 12, 2006 – A brief hold will be placed on Medicare payments for all claims during the last nine days of the federal fiscal year (Sept. 22 through Sept. 30, 2006). These payment delays are mandated by section 5203 of the Deficit Reduction Act of 2005 (DRA). No interest will be accrued and no late penalties will be paid to an entity or individual by reason of this one-time hold on payments. All claims held during this time will be paid on Oct. 2, 2006.

http://www.trailblazerhealth.com/notices.asp?action=detail&id=3774

About the Author

Reed Tinsley CPA

This article is written by Reed Tinsley, a Houston, TX-based CPA with over 30 years of experience advising physicians and medical practices across Texas and the United States. Reed holds certifications as a Certified Valuation Analyst (CVA), Certified Healthcare Business Consultant (CHBC), and Certified Financial Planner (CFP), specializing exclusively in the healthcare sector. He is a published author, nationally recognized speaker, and trusted advisor to physicians on accounting & tax, practice management, and financial planning. Schedule a Free Consultation.

Have questions? I’m here to help.

Categories
Accounting and Tax Services Litigation Support Managed Care Consulting Managed Care Contract Negotiations Medical Practice and Healthcare Entity Valuation Medical Practice Assessment Medical Practice Brokerage Medical Practice Embezzlement Consulting Medical Practice Management Medical Practice Merger Advice Medical Strategic Planning Newsletter Personal Financial Planning Oversight Physician Compensation Models Physician Compliance Physician Financial Management Services Retirement Uncategorized