Beckers hospital review: Written by Bob Herman | January 24, 2013
Medicare Recovery Auditors, also known as recovery audit contractors, set a new record for most overpayments collected in a quarter, as they recouped $744.8 million from hospitals and other providers in the first quarter of the federal government’s 2013 fiscal year, according to the latest figures from CMS (pdf).
The previous high for a quarter was $657.2 million, which occurred in the third quarter last year.
CMS did not indicate how many recouped dollars in the first quarter were in the appeals process or had been successfully appealed by providers. Medicare RACs also returned $34.4 million to providers in underpayments, bringing total corrections to $779.2 million.
Medicare RACs have ramped up their overpayment collections significantly over the past two years. In December, CMS reported that in federal FY 2012, Medicare RACs collected $2.29 billion in overpayments from providers, a record that nearly tripled overpayment collections from FY 2011. Since the program started in FY 2010, RACs have taken back $3.9 billion. Read More