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Change of Ownership (CHOW) is defined in 42 CFR 489.18 (a) and generally means, in the case of a partnership, the removal, addition, or substitution of a partner, unless the partners expressly agree otherwise, as permitted by applicable State law.
A change of ownership (CHOW) typically occurs when a Medicare provider has been purchased (or leased) by another organization. The CHOW results in the transfer of the previous owner's Medicare Identification Number and provider agreement (including the previous owner's outstanding Medicare debts) to the new owner.
When a healthcare provider or supplier is enrolled in Medicare, certain transactions, including an asset transfer to a new owner, are typically classified by the Centers for Medicare & Medicaid Services (?CMS?) as a change of ownership, or CHOW, which requires notification from both seller and buyer, and CMS Regional ...
Change of Ownership (CHOW)