Medicare Accelerated and Advance Payments and COVID-19: Frequently Asked Questions [March 1, 2021] [open pdf - 1MB]
From the Summary: "In rare situations, Medicare Part A providers (e.g., acute care hospitals, skilled nursing facilities, and other inpatient care facilities) and Part B suppliers (e.g., physicians, nonphysician practitioners, durable medical equipment [DME] suppliers, and others who furnish outpatient services) face cash flow challenges due to specified circumstances beyond their control. Under such circumstances, the Centers for Medicare & Medicaid Services (CMS) can provide temporary relief through the accelerated payment program (Part A) and the advance payment program (Part B). CMS has offered these programs, collectively referred to as the Accelerated and Advance Payment (AAP) programs, in an attempt to alleviate some concerns about the financial challenges faced by Medicare suppliers and providers. These amounts eventually are recovered by Medicare, typically by withholding payment for subsequent claims up to the amount of the accelerated or advance payments. [...] This report addresses frequently asked questions about the Medicare AAP programs, including the terms and conditions of eligibility, payment amounts and sources of funds, recovery of payments, applicable interest charges, and administrative and legislative changes during the COVID-19 [coronavirus disease 2019] PHE [public health emergency]."
CRS Report for Congress, R46698
Congressional Research Service: https://crsreports.congress.gov/