NEWS: RACs collect $371.5 million in 2007
Patient Financial Services Weekly Advisor, March 7, 2008
The Medicare RACs are working overtime.
Recovery audit contractors (RACs) in California, Florida and New York last year collected more than $371.5 million in improper Medicare payments from or repaid to healthcare providers and suppliers, according to the Centers for Medicare & Medicaid Services.
Nearly $440 million has been collected since the program began in 2005. The RAC demonstration program aims to reveal and fix improper Medicare payments paid to healthcare providers participating in fee-for-service Medicare.
To read the full story in the North Country Gazette, click here.
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