CMS Announces Suspension of Advance Payment Programs

On April 26, 2020, the Centers for Medicare & Medicaid Services (CMS) announced significant changes to the Accelerated and Advance Payment programs, which had been significantly expanded on March 28, 2020. Since that date, CMS approved over 21,000 applications for loan payments to Part A providers under the Accelerated Payment Program and 24,000 applications for loan payments to Part B suppliers under the Advance Payment Program. Now, CMS is suspending the Advance Payment Program effective immediately and reevaluating all pending and new applications for Accelerated Payments in light of direct payments still available to Part A providers through the provider relief fund created by the CARES Act.