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OIG: Medicare Advantage Prepayments Cost CMS Millions



The Office of Inspector General recommends that the Centers for Medicare & Medicaid Services shift away from making prepayments to Medicare Advantage organizations, which typically hold funds for 46 days before paying for medical services.



1 comments on "OIG: Medicare Advantage Prepayments Cost CMS Millions"
Don Grunt (1/29/2011 at 11:14 PM)

My question for the OIG is how come plans are waiting 46 days to pay for medical services when they are supposed to pay claims within 30 days? The biggest impact of this change would be to lengthen the time that it takes plans to pay claims to providers. That would make Medicare Advantage less popular when you consider that CMS will probably very slow with their payments to MA plans.