July 15, 2008
NEW REPORT SHOWS CMS PILOT PROGRAM SAVING NEARLY $700
MILLION
IN IMPROPER MEDICARE PAYMENTS
The Centers for Medicare & Medicaid Services (CMS) today released a new report offering fresh evidence that the recovery audit contractors (RACs) pilot program is successfully identifying improper payments. The findings will also help the agency improve the program as it is expanded nationwide within two years, officials say.
The evaluation report shows that $693.6 million in improper Medicare payments was returned to the Medicare Trust Funds between 2005 and March 2008. The funds returned to the Medicare Trust Funds occurred after taking into account the dollars repaid to health care providers, the money overturned on appeal and the costs of operating the RAC demonstration program.
To view the entire Press Release, please click: http://www.cms.hhs.gov/apps/media/press_releases.asp
To view the RAC Evaluation Report: http://www.cms.hhs.gov/RAC
