February 23, 2012
CMS has issued a proposed rule implementing the requirements for reporting and returning overpayments set forth in the Affordable Care Act. “This proposed rule would require providers and suppliers receiving funds under the Medicare program to report and return overpayments by the later of the date which is 60 days after the date on which the overpayment was identified; or any corresponding cost report is due, if applicable.”
The Proposed Rule would result in heightened reporting burdens and uncertainty for providers and suppliers. Key features include the following: