Delinquent Debt. 1. If CMS does not receive payment in full by the date payment is due, CMS shall pursue payment under the financial guarantee required under Section XIV.D and may withhold payments otherwise owed to the ACO under this Agreement or any other CMS program or initiative. 2. If the ACO fails to pay the amounts due CMS in full within 30 days after the date of a demand letter or settlement report, CMS shall assess simple interest on the unpaid balance at the rate applicable to other Medicare debts under 45 CFR § 30.18 and 42 CFR § 405.378. Interest shall be calculated in 30-day periods and shall be assessed for each 30-day period that payment is not made in full.
Appears in 7 contracts
Samples: Next Generation Aco Model Participation Agreement, Next Generation Aco Model Participation Agreement, Next Generation Aco Model Participation Agreement
Delinquent Debt.
1. A. If CMS does not receive payment in full by the date the payment is due, CMS shall pursue payment under the financial guarantee required under Section XIV.D 12.05 and may withhold shall collect the debt by recouping payments otherwise owed to the ACO under this the Agreement or any other CMS program or initiative.
2. B. If the ACO fails to pay the amounts due to CMS in full within 30 days Days after the date of a demand letter or settlement reportpayment is due, CMS shall assess simple interest on the unpaid balance at the rate applicable to other Medicare debts under 45 CFR § 30.18 and 42 CFR § 405.378. Interest shall be calculated in 30-day 30 Day periods and shall be assessed for each 30-day 30 Day period that payment is not made in full.
C. CMS and the U.S. Department of Treasury may use any applicable debt collection tools available to collect the total amount owed by the ACO.
Appears in 2 contracts
Samples: Participation Agreement, Model Performance Period Participation Agreement
Delinquent Debt.
1. A. If CMS does not receive payment in full by the date the payment is due, CMS shall pursue payment under the financial guarantee required under Section XIV.D 12.05 and may withhold shall collect the debt by recouping payments otherwise owed to the ACO under this the Agreement or any other CMS program or initiative.
2. B. If the ACO fails to pay the amounts due to CMS in full within 30 days Days after the date of a demand letter or settlement reportpayment is due, CMS shall assess simple interest on the unpaid balance at the rate applicable to other Medicare debts under 45 CFR § 30.18 and 42 CFR § 405.378. Interest shall be calculated in 30-day 30 Day periods and shall be assessed for each 30-day 30 Day period that payment is not made in full.
Appears in 1 contract
Samples: Participation Agreement
Delinquent Debt.
1. A. If CMS does not receive payment in full by the date the payment is due, CMS shall pursue payment under the financial guarantee required under Section XIV.D 12.05 and may withhold payments otherwise owed to the ACO DCE under this the Agreement or any other CMS program or initiative.
2. B. If the ACO DCE fails to pay the amounts due CMS in full within 30 days Days after the date of a demand letter or settlement reportpayment is due, CMS shall assess simple interest on the unpaid balance at the rate applicable to other Medicare debts under 45 CFR § 30.18 and 42 CFR § 405.378. Interest shall be calculated in 30-day 30 Day periods and shall be assessed for each 30-day 30 Day period that payment is not made in full.
C. CMS and the U.S. Department of Treasury may use any applicable debt collection tools available to collect the total amount owed by the DCE.
Appears in 1 contract
Samples: Global and Professional Direct Contracting Model Performance Period Participation Agreement
Delinquent Debt.
1. If CMS does not receive payment in full by the date payment is due, CMS shall pursue payment under the financial guarantee required under Section XIV.D and may withhold payments otherwise owed to the ACO under this Agreement or any other CMS program or initiative.
2. If the ACO fails to pay the amounts due CMS in full within 30 days after the date of a demand letter or settlement report, CMS shall assess simple interest on the unpaid balance at the rate applicable to other Medicare debts under 45 CFR § 30.18 and 42 CFR § 405.378. Interest shall be calculated in 30-day periods and shall be assessed for each 30-day period that payment is not made in full.
Appears in 1 contract
Samples: Participation Agreement (Apollo Medical Holdings, Inc.)
