News Headlines Article

Providers must report Medicare overpayments going back six, not 10 years
Modern Healthcare

The CMS has finalized a controversial rule that will require providers to return Medicare over payments.The Affordable Care Act compels providers to return overpayments within 60 days of identifying them. Failing to report over payments can result in liability under the False Claims Act. The CMS estimates that the annual administrative costs for industry reporting and returns of over payments will fall between $120 million and $200 million. It did not estimate how much money it may recover.