Interest
on Late Payment of Claims
The late
payment on a complete claim for emergency services that is
neither contested nor denied will automatically include the
greater of:
-
$15
for each 12-month period or portion thereof on a
non-prorated basis
-
Interest at the rate of 15 percent per year for the
period of time that the payment is late
If
Serra Community Medical Clinic, Inc does not automatically
(within five days of the late -claim payment) include the
interest fee with a late -paid complete claim, an additional
$10 will be sent to the provider of service.
If Serra
Community Medical Clinic, Inc fails to notify the provider
of service in writing of a denied or contested claim, or
portion thereof, and ultimately pays the claim in whole or
part, computation of the interest will begin on the first
calendar day after the applicable time period for denying or
contesting claims has expired.