April 13, 2021 As of March 30th 2021, the Centers for Medicare and Medicaid Service (CMS) has officially started the process to recover payments made to Medicare providers who received funds from CMS’ Accelerated and Advance Payments Program. Your practice’s specific repayment will begin 1 year after you received your first payment and will continue for 17 Months. (Click here to review our past medicare reminder for further details and a helpful tracking tool) Providers experiencing financial hardship may be eligible to repay under an “Extended Repayment Schedule” which extends the repayment of debts over the course of 3-5 years depending on hardship severity. If you are currently experiencing financial hardship, please download the FAQ document for more information, by clicking here. If you have any additional questions regarding the AAP repayment process or the extended repayment schedule, please contact Novitas’ Provider Help Line at 1-855-247-8428. Hours of operation are Monday through Friday 8:30 AM – 4:00 PM ET. HOW KATZABOSCH CAN HELP In the ever-changing healthcare landscape, you need a firm that can not only solve the complex problems of today but can also help you plan and innovate for the future. With the mission to provide quality education, training, management, and consulting services that will enable practices to improve their performance, we offer a wide variety of services to physicians and their practices. Visit our Medical Business Advisors service page to learn more. To have a KatzAbosch MBa Consultant discuss your practice’s situation, click here Learn More About Our Comprehensive Medical Practice Consulting Services. About KatzAbosch: Founded in 1969, KatzAbosch is one of the largest CPA and business consulting services in the Mid-Atlantic region. As an accounting firm, our mission is to provide the highest quality accounting, tax, financial and management consulting services to our regional clients. We understand the needs and challenges of our clients and we have made it our obligation to create, grow and protect asset value. KatzAbosch is consistently named a Best Accounting Firm to Work For in Accounting Today and has been named a Top 200 Accounting Firms in the Nation by Inside Public Accounting. Our firm is also ranked among the Top 15 Largest Accounting Firms in the Baltimore Area by the Baltimore Business Journal and a Top Workplace four times by The Baltimore Sun.