News Headlines Article

New Medicare fraud detection system saves $115 million
Modern Healthcare

A highly touted new technology system designed to stop fraudulent Medicare payments before they are paid saved about $115 million and spurred more than 500 investigations since it was launched in the summer of 2011, according to a report released Friday.

Federal health officials said the projected savings are much higher. The savings so far, however, are miniscule compared to the estimated $60 billion lost each year to Medicare fraud.