BILLING NEWS

Prompt Payment Interest Rate

The Treasury Department has indicated the new Prompt Payment Interest Rate is 2.500 percent effective July 11, 2011. The new rate is in effect for scheduled Medicare payment dates starting July 1, 2011 through December 31, 2011. The Prompt Payment Interest Rate is available on the public debt web page at http://fms.treas.gov/prompt/rates.html.

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INDUSTRY NEWS TAGS: CMS


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