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The Centers for Medicare and Medicaid Services (CMS) released its annual appraisal of Recovery Audit Contractors (RACs), and as will come to no surprise to any healthcare provider, the four agencies found more than $2 billion in overpayments.
The new report covers Fiscal 2012, which ended Oct. 1, 2013.
The difference between Fiscal 2011 and 2012 is startling. In 2011, RACs found slightly less than $800 million in overpayments; in 2012 that skyrocketed to nearly $2.3 billion, nearly trebling the previous year. At the same time, the number of errors found in favor of providers dropped precipitously, from $142 million in overpayments in 2011 to only $109 million in 2012.
Telephone: 800-783-9118 Location: 3075 East Imperial Hwy , Suite 200, Brea, CA 92821
Hospital Collections, Physician Groups, Other Medical Specialties, Insurance Billing, Insurance Follow-up, Monitored Payments, Worker's Compensation, Bad Debt, Early-Out, First-Party, Third-Party, Second Placements
It can be hard to choose among the 5,000 debt collection agencies in the US.
But your cash flow is at stake with legitimate patient receivables to collect. Download this report and learn how you identify the right healthcare collection agency partner – one that is trained in your industry — and avoid the pitfalls of choosing for price or size.
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