Healthcare providers in Idaho and billing companies serving Idaho
providers who accept Medicaid patients should be aware that a payment hold has been scheduled for the last 3 payment cycles of the fiscal year, which ends June 30, 2010. Hospitals and nursing homes will experience an extended hold time of 8 to 12 weeks.
While there are no exceptions to the hold, a letter may be requested from the Department of Health and Welfare which will state the average recent weekly payments. Such letters may be presented to banks and other organizations to estimate the temporary loss and help procure funds during the suspension period.
A FAQ document may be accessed here for further information:
It is important that we make our healthcare providers aware of the interruption in cash flow to come so that they may begin preparing now.