US to Stop Advance Payments to Care Providers Hit by Cyberattack

June 18, 2024 9:28 am

The Centers for Medicare & Medicaid Services said it will shutter a program in July that it launched to ease cash flow disruptions at health-care providers impacted by a cyberattack on a UnitedHealth Group Inc. subsidiary.

  • CMS will end the Change Healthcare/Optum Payment Disruption program on July 12, the agency said in a statement on Monday
  • The initiative began in early March to alleviate cash flow disruptions experienced by some Medicare providers and suppliers impacted by the cyberattack on Change Healthcare, spanning from hospitals to pharmacists
  • CMS issued accelerated payments totaling more than $2.55 billion to more than 4,200 Part A providers
    • Another 4,722 advance payments were made to Part B suppliers, totaling more than $717.18 million
  • “Providers of services and suppliers are now successfully billing Medicare,” CMS said in the statement
    • More than 96% of the payments it made through the program have been recovered, it said