Government Recovers $4.3B From Healthcare Fraud Investigations in 2013
The federal government set a new record for healthcare fraud recoveries in fiscal year 2013, recouping $4.3 billion.
The FY 2013 total is $100 million more than total recoveries from FY 2012 and more than double the recoveries from FY 2008.
The latest report from the government shows that for every dollar spent on healthcare-related fraud and abuse investigations in the past three years, the government recovered $8.10. That's the highest three-year average return on investment in the 17-year history of the Health Care Fraud and Abuse Control Program, which is under the joint direction of Attorney General Eric Holder and HHS Secretary Kathleen Sebelius.
"With these extraordinary recoveries, and the record-high rate of return on investment we've achieved on our comprehensive healthcare fraud enforcement efforts, we're sending a strong message to those who would take advantage of their fellow citizens, target vulnerable populations, and commit fraud on federal health care programs," Mr. Holder said in the release.
More Articles on Healthcare Fraud:
The Growth of Healthcare Fraud Qui Tam Lawsuits
Updated Fraud Self-Disclosure Protocol: 5 Considerations for Healthcare Providers
Healthcare Fraud Cases Hit Record High in 2013
© Copyright ASC COMMUNICATIONS 2015. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.
New from Becker's Hospital Review
100 Great Hospitals in America 2015