Medicare Regulatory Updates: Key Changes and Deadlines from November 2025

Beacon Alert 2025-048 Weekly Regulatory Updates

The Centers for Medicare & Medicaid Services (CMS) issued several critical updates between November 24 and 28, 2025, impacting Medicare Advantage Organizations (MAOs), Prescription Drug Plans (PDPs), and other stakeholders. This summary highlights the most significant changes you need to know to stay compliant and informed.

1. Parts C & D Reporting: New Data Files Available

CMS has released the CY 2024 Parts C & D Reporting Requirements Limited Data Set Files. These datasets support transparency and facilitate accurate reporting. MAOs are encouraged to review and incorporate this information into their compliance programs.

2. Encounter Data Report Cards – Q3 2025

New Q3 2025 Encounter Data Report Cards are now available in HPMS. These tools help MAOs identify gaps in encounter data submissions and offer technical support where needed. The reports can be found in:

HPMS → Risk Adjustment → Encounter Data → Encounter Data Report → 2025 November Update

Non-compliance in data submission can trigger CMS interventions, so it’s essential for plans to review their data integrity regularly.

3. Clarification on NCDs with Coverage with Evidence Development (CED)

CMS clarified that Medicare Advantage Organizations may not apply internal coverage criteria to National Coverage Determinations (NCDs) that include CED. These NCDs are considered fully established under 42 CFR § 422.101(b)(6), meaning:

  • MAOs must follow NCDs and CEDs exactly as written

  • No modifications, supplements, or internal policies may override them

  • Non-compliance may result in CMS enforcement actions

4. 2027 Medicare Drug Price Negotiation Program

CMS has published the Maximum Fair Prices (MFPs) for 15 high-cost Part D drugs selected for the 2027 negotiation cycle. These prices are effective January 1, 2027 and were negotiated between CMS and manufacturers. The drugs include those without generic or biosimilar competition. The files are available in both .csv and .xlsx formats.

Conversely, Entresto, Stelara, and Xarelto will be removed from the selected drug list starting in 2027, as each now has a generic or biosimilar alternative.

5. Part C 2025 Reporting: Technical Document Updates

CMS released updates to Part C 2025 reporting requirements, including changes to:

  • D-SNP Enrollee Advisory Committees

  • Transmission of Admission Notifications (TAN)

  • Payment to Providers

  • Organization Determinations & Reconsiderations

Revised record layouts and edit rules are now posted in HPMS.

6. Data Validation Review Results for CY 2024

The CY 2024 data validation audit (April–June 2025) covered 746 contracts. Results showed exceptionally high compliance, with validation scores averaging above 98.75% across categories.

7. 2026 Utilization Management (UM) Data Submission

The HPMS UM Module is now live for 2026 data submissions. MAOs must report all Internal Coverage Criteria (ICC) used in prior authorizations by April 30, 2026.

8. December 2025 MARx Payment Updates

The December Medicare Advantage/Part D (MARx) payments will reflect:

  • 2025 Manufacturer Discount Program (MDP) invoice offsets

  • Ongoing sequestration adjustments

  • Payment troubleshooting support through CMS’s MAPD Help Desk

9. Medicaid.gov Notices

A series of OMB Review notices have been published for comment on Medicaid and Medicare programs. Stakeholders should monitor the Federal Regiserfor submission deadlines.


Conclusion:

These updates underscore CMS’s continued focus on transparency, data integrity, and program modernization. MAOs and PDPs should take immediate steps to ensure compliance with the revised reporting standards, drug pricing rules, and utilization management submissions.

Todd Petersen,

Chief Executive Officer & Board Member

Todd brings 22 years of experience in scaling SaaS-based companies within the health plan payer market. He has a proven track record of fostering strong client relationships and building high-performing teams. Todd joined Beacon Healthcare Systems from HighRoads, where he played a pivotal role in providing SaaS solutions for health plan design and modification. His extensive career includes significant contributions to sales and growth at HealthSparq, a web-based consumer enablement solution provider; InstaMed, which facilitates financial transactions among payers, members, and providers; DestinationRx, specializing in Medicare shopping for government and commercial programs; and Ingenix, known for its cost containment technology services. Todd is also an acting board member for Beacon Healthcare Systems.

Jeremy Hays

Vice President of Strategic Accounts

Jeremy is an accomplished executive with extensive experience in health insurance and supporting technology. He is a seasoned sales and operational leader passionate about driving revenue growth and elevating customer satisfaction He has a long track record in Medicare leading teams to consistently exceed revenue targets by developing and executing highly effective growth strategies within organizations like United Healthcare, DestinationRx, and InstaMed, all while nurturing enduring, mutually beneficial customer relationships. Jeremy will be leading the existing Account Management team.

Alexis Elam JD, CHC

Vice President of Compliance

Alexis is a trusted and valued healthcare compliance, privacy, and risk leader with 18+ years of audit, oversight, and effective program management across payors, providers, and SaaS support tools. She specializes in implementing corporate initiatives and software solutions that promote adherence to government contracting and service delivery regulations.

Chris Mahoney

Chief Financial Officer

Chris Mahoney is a resourceful and results-driven senior finance executive with 25+ years of CFO-level experience leveraging keen financial expertise to create cost-efficient and sustainable financial results across both small and large corporate organizations. He consistently demonstrates the ability to critically evaluate and respond to rapidly evolving environments while identifying business-critical financial enhancements and developing proactive and actionable improvement initiatives.
Chris also utilizes business acumen and cross-functional communication skills to routinely produce sophisticated solutions and align all financial activities with strategic business goals. Chris has acquired and integrated businesses, assisted in raising millions in $30mm equity and debt through private placements, transformed a business from a Perpetual to a SaaS model, assisted in growing businesses from $250mm to $1bn, and has implemented Project Accounting systems, cost, and management information systems.

Ken Stockman

Chief Executive Officer
Ken Stockman, Founder and Chief Executive Officer of Beacon Healthcare Systems, is a seasoned healthcare executive with strong Payer and Provider experience focused on bringing innovative solutions to Government program revenue management, operations, compliance, and risk adjustment. Ken was an early leader in the Medicare Advantage Risk Adjustment industry building a full suite of tools such as Full Enrollment, Member Reconciliation And Part D Platform to support the health plans’ initiatives in 2006 as co-founder and former CEO of Dynamic Healthcare Systems, Inc. His expertise in Risk Adjustment Strategy, Transaction Processing And Analytics positions him as a unique subject matter expert. Additionally, his experience in CMS Transaction Processing And Regulatory Requirements led to the successful design and implementation of industry-leading information systems.