RACs Rake in More than $2 Billion from Healthcare Providers

RACs Rake in More than $2 Billion from Healthcare Providers

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.

Read more of today's top story April 14, 2014 Evan J. Albright
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