On September 26, 2016, the Centers for Medicare and Medicaid Services (CMS) published its annual recovery thresholds for certain liability insurance, no-fault insurance, and workers’ compensation settlements, judgments, awards or other payments. CMS has advised that the thresholds for reporting settlements, judgments awards or other payments will remain at $1,000.00 with respect to physical trauma-based liability insurance settlements for the 2016 fiscal year (October 1, 2015 – September 30, 2016). For workers’ compensation and no-fault claims that do not involve ongoing responsibility for medicals, a $750.00 reporting threshold applies for the 2016 fiscal year. This means that if a liability, no-fault or workers’ compensation settlement, judgment award or other payment falls within these categories, there may not be a requirement to report the settlement to Medicare nor a requirement to repay conditional payments. These calculations are an annual requirement started under the Strengthening Medicare and Repaying Taxpayers Act, Pub. L. 112-242, 126 Stat. 2380.
For Immediate Release Re: Important Message from the Executive Team
NuQuest and Protocols are recognized leaders in the MSP Compliance industry. As long standing, strategic partners, we have mutually agreed to join forces and consolidate our complementary strengths, expertise and operations into one organization under the NuQuest brand. “Our outstanding leadership team has done a fantastic job of building a solid and successful operation that provides superior services to our client partners. I want to take a moment and thank you for your continued loyalty as we have worked to become one. The integration of two companies is no easy task. Today we are both excited and proud to present our innovative suite of services, and enhanced logo and website which reflects upon the pillars of our past success as well as our vision for the future.” - Tracey Lazzopina, Chief Executive Officer Our policies and procedures are fully aligned, creating a seamless MSP Compliance experience for you, our valued client. Today we stand as one unified company providing each of our client partners with greater value and expertise. “We are pleased to combine our strengths to meet the demands of the marketplace. The integration of Protocols’ historic leadership and legal expertise into NuQuest’s industry-leading operation reinforces that we are fully committed to making NuQuest the most trusted and valued MSP Compliance company in our industry.” - Robert Sagrillo, President and Chief Legal Officer This is an exciting time for our organization, teammates and client partners. As we step into the New Year, we look forward to sharing our revolutionary new products and services that will forever transform our industry.