CMS Proposes Penalties for MSP Reporting Violations

Centers for Medicare & Medicaid Services (CMS) published a proposed regulation in the Federal Register concerning the imposition of civil monetary penalties (CMPs) for failure to comply with reporting obligations under the Medicare Secondary Payer (MSP) laws. 85 Fed. Reg. 8793 (Feb. 18, 2020). As proposed, the rule would be prospective, applying only to violations that occur after the effective date of the proposed regulation. Even so, the proposed penalties represent a significant potential financial risk to responsible reporting entities (RREs) under the MSP laws. As such, RREs should review their current MSP reporting processes and procedures to ensure compliance with CMS requirements, work to address any gaps in processes or system issues prior to the effective date of the final regulation, and build in controls to monitor for non-compliance on a proactive basis.

Source: https://www.jdsupra.com/legalnews/cms-proposes-penalties-for-msp-96604/