As has become their custom, CMS has released the data on Medicare RAC collections for the last quarter, along with a supplemental report for the entirety of fiscal year (FY) 2011.
For the final quarter, the recovery auditors identified $353.7 million in claims' corrections, with $277.1 million in overpayments collected and $76.6 million in underpayments returned to providers. This represents a cumulative increase of 22 percent over all corrections identified in the third quarter.
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