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In a disturbing signal of the occasions, Medicare this week applied a change to its claims-processing system that provides two additional digits to cash quantities, increasing the fields from eight digits to 10. The change now permits for billing and cost totals of as much as $99,999,999.99, or a penny shy of $100 million.
In a discover launched final month, the Facilities for Medicare & Medicaid Providers (CMS) defined the change, writing, “With the rise of Half B procedures/remedies exceeding the $999,999.99 limitation, CMS is implementing the growth of show screens for financial quantity fields associated to billing and cost inside [the Fiscal Intermediary Shared System (FISS)] to simply accept and course of as much as 10 digits ($99,999,999.99).”
The FISS is the processing system utilized by hospitals and medical doctors’ places of work to course of Medicare claims.
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