By offering financial incentives to private auditors such as RACs to root out improper payments, payment recapture audits are thought to be more effective than lump-sum payments.
This action was carried out in a presidential memorandum to all federal agencies. The change is projected to yield at least $2 billion in the next three years, or double the amount of recovered costs previously projected.
In addition, the White House declared its support of the Improper Payments Elimination and Recovery Act, which expands the ability of government agencies to use recaptured payments to fund auditing.
Read the White House release on healthcare fraud and abuse.
At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.
