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Risk Adjustment Advisor
Issue 5: **Correction Memo**
Risk Adjustment Today:
IMPORTANT DEADLINE CHANGE FOR RAPS SUBMISSIONS

Hello Everyone,

The HPMS memo featured in our latest newsletter called "Deadline for Submitting RAPS Data for Use in Risk Score Calculation Runs for Payment Years 2014, 2015, and 2016" defined an earlier date for the upcoming RAPS sweep. The date of the original HPMS memo published the 2015 Mid-Year reconciliation date of 02/06/15. Fortunately, this memo was updated the next day by CMS defining a submission deadline that is more in line with prior years. The updated RAPS submission deadline for the 2015 Mid-Year reconciliation is now 03/06/15. This link on our website has been updated to reflect the latest HPMS memo called "CORRECTION - HPMS 2014_2015_2016 Payment Run Notice."

 

This is great news. Plans will have an additional month to submit their calendar year 2014 RAPS data. While this year CMS did not change the submission deadline, there is always the chance that it will be changed in coming years. This highlights the importance of routinely submitting RAPS data. As previously stated, taking time now to ensure the accuracy and completeness of your 2014 RAPS data will have a big impact in 2015 payment accuracy. Keeping RAPS records as up to date as possible is key to payment success.

We apologize for any confusion this may have caused. If there are any questions please feel free to contact us directly.

 

November 2014

 

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