tci Part B Insider - 2012 Issue 42

In other news…

Medicare may be cutting back on payments for some of your services, but the OIG has found additional ways to save money by recouping billions from medical practices nationwide. According to the OIG's 2012 Semiannual Report, which covers the six month period from April through Sept. 30, 2012, the government recovered about $6.9 billion in Fiscal Year 2012. That figure includes $923.8 million in audit receivables and $6 billion in investigative receivables. Plus, the agency identified another $8.5 billion in savings resulting from legislative, regulatory, or administrative actions that were supported by the OIG's recommendations, the...

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