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Medicare Compliance & Reimbursement

Audits:

RACs Corrected Over $92 Million in Improper Payments Last Year

Published on Sun Sep 18, 2011

The good news? Almost $17 million of that went back to doctors who had been underpaid. You may not be in the sights of your local recovery audit contractor (RAC), but that doesn't mean the RACs aren't hard at work. A new CMS report reveals the results of RACs nationwide, and the numbers are surprising. During fiscal year 2010 (the first year when RACs began actively identifying and correcting improper payments under the National Recovery Audit program), RACs collected $75 million from practices that were overpaid by their Medicare contractors. On the plus side, RACs do appear to be returning money to practices that were underpaid. During 2010, RACs returned $16.9 million to practices. All told, they found $92.3 million in incorrect Medicare payments during fiscal year 2010 (which spans from Oct. 1, 2009 through Sept. 30, 2010), according to the FY 2010 Report to Congress: Implementation of Recovery Auditing [...]
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