CMS Accelerates Payments Under CARES Act
March 30, 2020
The Centers for Medicare & Medicaid Services’ (CMS) existing Accelerated and Advance Payment Program has been expanded and modified under the CARES Act. Offered in circumstances such as national emergencies, CMS is authorized to provide accelerated or advance payments during the COVID-19 public health emergency to any Medicare provider or supplier that submits a request to the appropriate Medicare Administrative Contractor and meets the required qualifications.
For details, see an IHA memo; also see IHA’s fact sheet on Federal Funding Opportunities for Hospitals under the CARES Act.
National Government Services (NGS) has a hotline, 888-802-3898, to answer provider questions about accelerated/advance payments related to COVID-19. The hotline is available from 8 a.m. to 4 p.m. CT.