Payment of interest on claims submitted by nursing facilities

Sec. 1.5. (a) This section applies only to claims submitted for payment by nursing facilities. (b) If the office: (1) fails to pay a clean claim in the time required under section 1(b) of this chapter; or (2) denies or suspends a claim that is subsequently determined to have been a clean claim when the claim was filed; the office shall pay the provider interest on the Medicaid allowable amount of the claim. (c) Interest paid under subsection (b): (1) accrues beginning: (A) twenty-two (22) days after the date the claim is filed under section 1(b)(1) of this chapter; or (B) thirty-one (31) days after the date the claim is filed under section 1(b)(2) of this chapter; and (2) stops accruing on the date the office pays the claim. (d) The office shall pay interest under subsection (b) at the same rate as determined under IC 12-15-21-3(7)(A). As added by P.L.107-1996, SEC.6 and P.L.257-1996, SEC.6. Amended by P.L.42-2011, SEC.29.