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Article: Hospitals can limit Medicare bad debt liability.
- Article from:
- Healthcare Financial Management
- Article date:
- September 1, 1990
- Author:
CopyrightCOPYRIGHT 1990 Healthcare Financial Management Association. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Hospitals can limit Medicare bad debt liability Medicare providers can expect a rude awakening beginning in FY 91, as the Health Care Financing Administration (HCFA) enforces tougher measures for allowing Medicare bad debt payments.
HCFA's recent crackdown is expected to sharply reduce bad debt payments unless providers can meet stiffer reporting requirements. These include:
* A provider must have a written credit policy that does not discriminate between Medicare and regular accounts;
* Before going on the bad debt log, an account must have been worked in-house for at least 120 days after Medicare's determination of the patient's portion and ...