Starting April 1, only one receiver will see electronic payment for a claim, no matter the number of national provider IDs on file, according to an AAPC report.
According to the report, providers may be contacted by their Medicare Administrator Contractors soon about where they want electronic payments sent.
Under the old system, Medicare would create one check per claim, and each provider could have multiple recipients of each electronic payment, which would prompt an electronic remittance advice. However, when MACs transitioned to the new Healthcare Integrated General Ledger Accounting System, billers received remittance advice not containing all the claims processed in the given cycle, or not containing the total amount.
MACs will fix the problem by choosing only one recipient for electronic fund transfers.
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According to the report, providers may be contacted by their Medicare Administrator Contractors soon about where they want electronic payments sent.
Under the old system, Medicare would create one check per claim, and each provider could have multiple recipients of each electronic payment, which would prompt an electronic remittance advice. However, when MACs transitioned to the new Healthcare Integrated General Ledger Accounting System, billers received remittance advice not containing all the claims processed in the given cycle, or not containing the total amount.
MACs will fix the problem by choosing only one recipient for electronic fund transfers.
Related Articles on Coding, Billing & Collections:
High Risk Medical Plan Patients to Rack Up Higher Medical Costs Than Expected
New Jersey Proposes Substantial Changes to PIP Regulations
Nebraska Begins Debate Over State-Designed Health Insurance Exchange