Attention home health agencies and hospices!
If you see an unexpected Medicare payment from CMS this week deposited in your bank as “HHSPAYMENT”, don’t be alarmed, as these payments are not billing errors. These payments are part of the CARES ACT relief fund to help providers maintain stability during the COVID-19 crisis.
CMS is sending $30 billion to all Medicare-reimbursed health care organizations, with funding coming from the recently established Public Health and Social Services Emergency Fund under the CARES Act ($100 billion).
These payments will be electronically deposited for most, but there may be some providers who receive a check within the next few weeks.
These are relief payments to healthcare providers and will not need to be repaid. However, you have actions that you must take in order to avoid repayment/ recoupment of these funds:
- Read the terms and conditions!
- Within 30 days of receipt of these funds you must sign the attestation through the CMS portal. It should be available next week.
Click here for the full announcement, fact sheets and FAQs.