Financial Reporting for Collections Received on Debts from Cross Servicing

70.15.3 - Financial Reporting for Collections Received on Debts from Cross Servicing (Rev. 11787; Issued:01-19-23; Effective: 04-21-23; Implementation:04-21-23) Contractors shall follow the instructions outlined in Chapter 5, Section 270. The contractor shall report and post all activities related to these debts according to CMS guidelines and instructions. Collections posted to the debts listed on the CMSDM Treasury Collection Report shall be reported in Section A, Line 4C, Collections Deposited at Other Location, and Section C, Line 4C, Collections Deposited at Another Location, of Forms CMS H 751. If the debt is in a Currently Not Collectible (CNC) status, the amounts collected shall be reported in Section A, Line 4A, Re-established as Active A/R, and Section C, Collections on CNC Debt, of the Forms CMS C 751 and in Section A, Line 6B, Transfers In From CNC, and Line 4C, Collections Deposited at Other Location on Forms CMS H 751. The amount of accrued interest that is adjusted in order to equal the amount of interest collected and posted to the debt shall be reported on Line 5A, Adjusted Amounts, Internal Adjustments, of Forms CMS H 751 or Line 4E, Other, of Forms CMS C 751, if the debt is in CNC status. Contractors shall separately track interest adjustment amounts reported on the “Adjusted Amounts” line on Forms CMS H 751 or reported on the “Other” line on the Forms CMS C 751. The interest adjustment amounts shall be reported in the “Remarks” section of the Forms CMS 751. For contractors who have transitioned to the Healthcare Integrated General Ledger Accounting System (HIGLAS), collections reported and posted to the debts on the CMSDM Treasury Collections Report shall be reported on the Treasury Report on Receivables and Debt Collection Activities Report (TROR), Part I, Section A, Line (4)(D), Collections by Treasury through Offset and Cross-Servicing and in Part II, Section C, Line (1)(G), By Treasury/Designated Debt Collection Center Cross-Servicing. If the debt is in a Currently Not Collectible (CNC) status, the amounts collected shall be reported in Part I, Section A, on Line (4) (D), Collections by Treasury Through Offset and Cross-Servicing, and Line (5) (E), Written-Off Debts Reinstated for Collections and also in Part II, Section C, Line (1) (G), By Treasury/Designated Debt Collection Center Cross-Servicing.