FAQ'sContact UsPrivacyInterest Payment Program

While FedMed's Accelerated Payment Program ensures rapid claim payments, we also recognize that a small number of claims will not be paid within 30 days of service. That is why FedMed guarantees that all claims processed via the Accelerated Payment Program accrue interest from the date of service until the date the claim is paid. This ensures that providers continue to earn above market interest on all FedMed claims and that the accelerated payment of claims is everyone's priority.
  • FedMed pays interest on all claims to participating providers from FedMed payors.
  • Interest is paid at an annual rate of 5.1%.
  • Interest is paid from the ending date of service until the date of claim payment.
  • In 2005, FedMed paid over $600,000 in interest to its participating providers.

Unlike most provider networks and managed care programs, FedMed quantifies the benefits of our program. Participating providers receive quarterly interest payments with a detailed report showing all FedMed claims paid and the corresponding payment dates. This allows our providers to easily track the benefit of participating in the FedMed National Provider Network.