CMS Clears Air on Credit Report Requirement
Update on CBIC site specifies when 90-day window opens.
- By David Kopf
- Jan 26, 2012
Addressing a key question among Round Two bidders, credit reports and scores from Round Two bidders must not be prepared earlier than 90 days prior to the opening of the bid window, the Centers for Medicare & Medicaid Services announced this week.
That said credit reports and scores can be prepared after bidding opens as long as they are received by the Competitive Bidding Implementation Contractor (CBIC) by the close of the bid window, CMS posted on CBIC's website, www.dmecompetitivebid.com.
The confusion arose from the Request for Bids instructions, which tell providers that they must submit a copy of a credit report with numerical score that was prepared within 90 days prior to the opening of the bid window. This led providers to question if that meant they couldn't submit a credit report and score that was dated after bidding opened but before bidding closed.
CMS said that when bidding opens, it will post the specific date that is 90 days prior to the opening of the bid window on the CBIC website. Credit reports and scores that are older than this date will not be accepted.
The updated noted that if providers had any additional questions, they should contact the CBIC customer service center at 877-577-5331 between 9 a.m. and 9 p.m. Eastern Time during the registration and bidding periods.
David Kopf is the Editor of HME Business.