Fierce Healthcare: December 4, 2012
Healthcare recovery auditors (RACs) collected $2.29 billion in overpayments from providers in fiscal year 2012, a record-high level that’s almost three times more than last year’s $797.4 million recoupment of overpayments, according to the latest figures from the Centers for Medicare & Medicaid Services.
In the fourth quarter, RACs collected $648 million in overpayments. While that’s a slight drop from the $657.2 million recovered during the third quarter, it’s still well above the $588.4 million collected during the second quarter.
RACs this year also gave back $109.4 million in underpayments to providers, with $46.5 million returned in the fourth quarter. Read more