Recovery Audit Contractors (RAC) collected a record $744.8 million in overpayments to providers during the last three months of 2012, the Centers for Medicare and Medicaid Services (CMS) reported.
The auditors also had underpayments returned totaling $34.4 million, bringing the total adjustments to a record $779.2 million for what amounts to the first quarter of the federal government’s Fiscal 2013.
During the same period last year RAC auditors collected less than $400 million in overpayments and less than $25 million in underpayments returned.
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