23 Feb 2011
According to a previous announcement, the FY 10-11 Period 1 Revenue Reconciliation letters are expected to be issued on Friday, February 25. If you already have a credit balance on hold (appearing on recent remittance advices), that hold might be released upon issuance of these letters. When a credit balance exists, payment for your invoices will be applied to the credit balance rather than issuance of a check. Providers who have received gross adjusment payments may have credit balances on hold.
There are three periods of Revenue Reconciliation scheduled for FY 10-11.
If you wish to appeal the Period 1 Revenue Reconciliation letter, you must do so within 30 days of the date of the letter.