CMS / PPS 2% Sequestration Cut

As of April 1, 2013, there has been a 2% sequestration cut to Medicare PPS payments.  When you receive the final payment, CMS is including a 2% contractual allowance adjustment reduction to your total remittance. In order to allow for this contractual allowance adjustment in the system we have added a PPS contractual allowance percentage field in Insurance Companies under the PPS tab.  Just enter the 2.00% in this field.  When the RAP file is created and posted to accounts receivable, the contractual allowance will be posted, thus reducing your accounts receivable amount.  This change will be included in tonight’s update, version 5247.

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