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Changes to Medicare Accelerated and Advance Payments Program Repayment Terms Benefit Providers

Revisions to the repayment provisions of the Medicare Accelerated and Advance Payments program have been included as part of a federal government funding bill signed into law this morning. These revisions will benefit providers who received advance payments under this program but who may have had difficulty meeting the initial repayment terms. The changes to the repayment terms include postponing the recoupment start date, extending the repayment timeline, reducing the per-claim recoupment amount, and lowering the interest rate for loans not fully repaid by September 2022. More information is available here.