If you are one of the qualifying APM participants (QPs) who earned a lump sum incentive payment for your hard work for an advanced alternative payment model (APM) in 2017, congratulations!
CMS started sending out payments to QPs, in the amount of 5% of their covered professional fees, back in September, but for certain participants, the agency can’t find current bank account information and would like to hear from you.
The agency put a call out in a
Federal Register filing issued the day after Christmas, linking to a list of QPs and giving instructions for how to contact CMS about the unclaimed payments.
The original regulatory deadline for CMS to send the QP incentive payments was Dec. 31, 2019, but in a burst of year-end goodwill, the agency is extending the deadline to Feb. 28, 2020.
“We believe it is necessary and appropriate to afford the identified QPs the opportunity to provide us with their current banking information and receive their CY 2019 APM Incentive Payments,” the agency states in the
Federal Register payment advisory.
QPs who qualified for the lump sum but haven’t received it should
check for their name on CMS’s list and, if found, follow the instructions to submit the correct bank account info.
Note: If for any reason the above links do not work, visit qpp.cms.gov to download the PDF.