Healthcare Innovation June 18, 2024
Change Healthcare/Optum Payment Disruption (CHOPD) Program provided funding to Medicare providers
In a June 17 news release, the Centers for Medicare and Medicaid Services (CMS) announced that it is preparing to close the Accelerated and Advance Payment (AAP) Program for the Change Healthcare/Optum Payment Disruption (CHOPD) on July 12, 2024.
The CHOPD program launched in early March to ease cash flow disruptions experienced by Medicare providers and suppliers, including hospitals, pharmacies, and physicians, following the Change Healthcare ransomware attack in February.
According to the press release, “CHOPD accelerated payments have been issued to over 4,200 Part A providers, such as hospitals, totaling more than $2.55 billion. CMS also issued 4,722...
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