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Jul 25

Medicaid Fraud Units collect billion in 2006

According to a July 20 report released by the Department of Health and Human Services, Medicaid Fraud Control Units recovered more than $1.1 billion for federal and state governments through fines, penalties, and settlements last year.

The fraud control units also wrote 730 referrals, which prevented further theft of money from Medicaid by fraudulent providers. Although the fraud units are controlled by the state, they must meet federal standards, which are revised annually, according to the Bureau of National Affairs.

The units also act as liaisons between state and federal law enforcement agencies and recommend changes to improve Medicaid.

To see a copy of the report click here.

About Reed Tinsley, CPA

As a top advisor to physicians, I help increase practice profits by delivering hands-on, expert medical accounting/tax support, practice counsel, and revenue-building strategies. Read more →