Immediate Recoupment for Fee for Service Claims Overpayments
INDUSTRY NEWS TAGS: CMS
Change Request (CR) 7688 implements a standard "immediate recoupment" process that gives providers the option to avoid interest from accruing on claims overpayments when the debt is recouped in full prior to or by the 30th day from the initial demand letter date. Currently, Medicare contractors begin recoupment of an overpayment on Day 41 from the date of the initial demand letter. Interest accrues and assesses on an overpayment if not paid in full by day 30. Providers who choose immediate recoupment must do so in writing to the contractors.