Medicaid Fraud Units collect billion in 2006

Written by Reed Tinsley, CPA | July 25, 2007

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 the Author

Reed Tinsley CPA

This article is written by Reed Tinsley, a Houston, TX-based CPA with over 30 years of experience advising physicians and medical practices across Texas and the United States. Reed holds certifications as a Certified Valuation Analyst (CVA), Certified Healthcare Business Consultant (CHBC), and Certified Financial Planner (CFP), specializing exclusively in the healthcare sector. He is a published author, nationally recognized speaker, and trusted advisor to physicians on accounting & tax, practice management, and financial planning. Schedule a Free Consultation.

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