As required by the Medicare Prescription Drug, Improvement, and Modernization Act of 2003, CMS has replaced past claims processing contractors known as fiscal intermediaries and Medicare carriers with ________________________.

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The Medicare Prescription Drug, Improvement, and Modernization Act of 2003 led to the replacement of past claims processing contractors, known as fiscal intermediaries and Medicare carriers, with Medicare Administrative Contractors (MACs). These entities are responsible for processing Medicare Part A and Part B medical claims from hospitals, physicians, and other healthcare providers.

As Required by the Medicare Prescription Drug, Improvement, and Modernization