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When your business revolves around what the government has created…you end up being the tail that is wagged. HMS Holdings, one of the largest RAC auditing companies profits drop from $9.82 million to $7.04 million dollars. Let me hear all the docs in unison: boo hoo, we feel so sorry for you! There are not [...]
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Continue ReadingTake a look at this summary report from the CMS. It will open in a new window. Basically from Oct 2009 to Mar 2011 the RACs have recovered $365.8M. Of that over half was collected from Jan 2011 to Mar 2011. Things are speeding up. There has been, and still is, a learning curve going [...]
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Continue ReadingAs mentioned before, it is not in the interest of the RAC’s to report a physician for fraud. Why? The RAC’s get ZERO if they report for fraud…BUT if they retract funds paid to a Doc, they then get a percentage of that take. Make sense? How about this: As report in USA Today on [...]
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