Centers For Medicare And Medicaid Services

What Does Centers For Medicare And Medicaid Services Mean?

The Centers for Medicare and Medicaid Services (CMS) is a U.S. government agency that oversees health programs such as Medicare and Children's Health Insurance Programs, supervises insurance regulators, holds standards for health laboratories, and stores important health information through its electronic health record.

It was formerly called the Health Care Financing Administration.

Insuranceopedia Explains Centers For Medicare And Medicaid Services

The Centers for Medicare and Medicaid Services manages the country's important health programs like Medicare, the health insurance for the elderly.

The CMS coordinates with state regulators to ensure that the health insurance industry maintains ethical standards when conducting its business. It also checks that clinical laboratories have appropriated the federally approved technology. Also, it keeps an electronic health record that aims not just to improve healthcare through its information but lower the cost of acquiring it as well.