financetom
Business
financetom
/
Business
/
US to shut advance payments program for Medicare providers hit by Change hack
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
US to shut advance payments program for Medicare providers hit by Change hack
Jun 17, 2024 2:26 PM

(Reuters) - The Centers for Medicare and Medicaid Services said on Monday it plans to close an advance payments program it started to help some Medicare providers and suppliers hit by service disruptions at Change, UnitedHealth's ( UNH ) technology unit.

CMS plans to close the program on July 12 and said it will not accept new applications for Change Healthcare/Optum Payment Disruption accelerated or advance payments after that date.

Accelerated payments totaling more than $2.55 billion have been issued to over 4,200 providers including hospitals, it said.

It also issued 4,722 advance payments, totaling more than $717.18 million, to suppliers including doctors, non-physician practitioners and durable medical equipment suppliers.

CMS said it has already recovered over 96% of CHOPD payments to date and that suppliers and providers of services are now successfully billing Medicare.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Brevan Howard to invest $200 million in Catalio healthcare fund, say sources
Brevan Howard to invest $200 million in Catalio healthcare fund, say sources
Nov 7, 2025
* Brevan makes $200 mln commitment to Catalio Public Equities fund * Move highlights trend of hedge funds making external investments * Catalio fund posted 49% return net of fees since began in 2023 By Nell Mackenzie LONDON, Nov 7 (Reuters) - Brevan Howard has made a $200 million commitment to Catalio Capital Management's healthcare stock fund, two sources close...
Constellation Energy misses quarterly profit estimates, narrows 2025 forecast
Constellation Energy misses quarterly profit estimates, narrows 2025 forecast
Nov 7, 2025
Nov 7 (Reuters) - U.S. utility Constellation Energy ( CEG ) on Friday narrowed the upper end of its full-year forecast, after missing third-quarter estimates on higher operating expenses. Shares of the Baltimore, Maryland-based company fell 4% in premarket trading following the results. Higher operating expenses, driven by infrastructure investments and maintenance, tend to squeeze margins for utilities such as...
BP Environmental Services Acquires Synergis Zero Waste Group
BP Environmental Services Acquires Synergis Zero Waste Group
Nov 7, 2025
CHALFONT, Pa., Nov. 7, 2025 /PRNewswire/ -- BP Environmental Services (BP), a portfolio company of Expedition Capital Partners and Firmament, acquired Synergis Zero Waste Group (Synergis). Synergis specializes in waste program management, cost reduction, and the development of recycling and composting initiatives for commercial clients. The company offers a comprehensive suite of environmentally friendly waste optimization services, including recycling, landfill...
Eco Innovation Group Announces Letter of Intent to Merge with WRA Holdings, Inc., Advancing Costa Rica Infrastructure and Environmental Redevelopment Initiatives
Eco Innovation Group Announces Letter of Intent to Merge with WRA Holdings, Inc., Advancing Costa Rica Infrastructure and Environmental Redevelopment Initiatives
Nov 7, 2025
NORTHRIDGE, CA / ACCESS Newswire ( ACCS ) / November 7, 2025 / Eco Innovation Group, Inc. ( ECOX ) , today announced that it has executed a non-binding Letter of Intent (LOI) with WRA Holdings, Inc. (WRA) to pursue a share-exchange merger under which WRA's operating business will merge into ECOX. The proposed transaction will align WRA's expansive infrastructure...
Copyright 2023-2026 - www.financetom.com All Rights Reserved