Medicare RACs Have Collected Estimated $575M in Overpayments Since Oct. 2009

Recovery audit contractors have brought in an estimated $575.2 million in Medicare overpayments since Oct. 2009, and each quarter of FY 2011 has resulted in higher overpayments collected, according to a CMS report.

CMS has also paid healthcare providers $109.6 million in Medicare underpayments since Oct. 2009.

Here are the other RAC collection data included in the report:

Overpayments collected:
FY 2010 — $75.4 million
FY 2011 Q1 — $81.2 million
FY 2011 Q2 — $185.2 million
FY 2011 Q3 — $233.4 million
Total — $575.2 million

Underpayments returned:
FY 2010 — $16.9 million
FY 2011 Q1 — $13.1 million
FY 2011 Q2 — $23.7 million
FY 2011 Q3 — $55.9 million
Total — $109.6 million

Total corrections:
FY 2010 — $92.3 million
FY 2011 Q1 — $94.3 million
FY 2011 Q2 — $208.9 million
FY 2011 Q3 — $289.3 million
Total — $684.8 million

Read the recent report on Medicare RACs (pdf).

Related Articles on RACs:

How to Avoid RAC Red Flags for Hospital-Owned Physician Practices
RACs Collect More Than $233M in Overpayments
Hospitals Should Assume Overpayment Amounts in Demand Letters Are Estimates Only

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