What is a CMS-838?
The CMS-838 is specifically used to monitor identification and recovery of “credit balances” owed to Medicare. A credit balance is an improper or excess payment made to a provider as the result of patient billing or claims processing errors.
What is a credit balance report?
A Medicare credit balance is an amount determined to be refundable to the Medicare program for an improper or excess payment made to a provider because of patient billing or claims processing errors. Each provider must submit a quarterly Credit Balance Report (Form CMS-838) .
Is a credit balance positive or negative?
When you use your credit card to make a purchase, the total amount borrowed will appear as a positive balance on your credit card statement. A negative balance, on the other hand, will show up as a credit. A minus sign will appear before the number of your current balance, such as -$200.
What accounts have a credit balance?
The side that increases (debit or credit) is referred to as an account’s normal balance. Remember, any account can have both debits and credits….Recording changes in Income Statement Accounts.
Account Type | Normal Balance |
---|---|
Liability | CREDIT |
Equity | CREDIT |
Revenue | CREDIT |
Expense | DEBIT |
Why is my credit balance negative?
A negative credit card balance is when your balance is below zero. It appears as a negative account balance. This means that your credit card company owes you money instead of the other way around. Typically, this happens when you’ve overpaid your outstanding balance or if you’ve had a credit returned to your account.
What does a negative credit balance mean?
If you see a negative balance on your credit card account, your first thought could be that something’s wrong. But a negative balance simply means that your card issuer owes you money, which may seem odd since it’s usually the other way around.
How to submit a credit balance report online?
Providers can electronically submit the Credit Balance Report and PDF attachments online. You may access the form via the Financial Forms sub-tab located under the Financial Tools tab in eServices. Choose the “CMS-838 Credit Balance” option from the Select a Form dropdown menu. Complete the form and attach the actual Credit Balance Report.
How to get a Medicare credit balance report?
DEPARTMENT OF HEALTH AND HUMAN SERVICES CENTERS FOR MEDICARE & MEDICAID SERVICES Form CMS-838 (10/03) Form Approved OMB No. 0938-0600 MEDICARE CREDIT BALANCE REPORT CERTIFICATION PAGE The Medicare Credit Balance Report is required under the authority of sections 1815(a), 1833(e), 1886(a)(1)(C) and related provisions of the Social Security Act.
What kind of credit report do I Need?
Each provider must submit a quarterly Credit Balance Report (Form CMS-838). If your facility has more than one provider number, a separate report should be submitted for each provider number.
How to submit a credit balance ( 838 ) report?
By fax: Providers may submit the completed 838 Certification Page, Detail Page and UB04s by fax to 803-419-3277. It should be noted that this method will not provide confirmation that the submission was received. 3. By mail: Auto Launching… We are attempting to open this content in a new window.