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New initiative reclaims $370 million in overpayments, CMS says
Modern Healthcare

A new effort from the CMS to reduce improper payments in Medicare Advantage plans is estimated to recover about $370 million in overpayments for the first year, the agency announced Friday.

Medicare Advantage organizations are required to submit data to the CMS to receive risk-adjustment payments, and 2010’s Improper Payments Elimination and Recovery Act requires that the CMS audit these data each year.

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