RAC hits $1B in corrections
NEW YORK – A Medicare Recovery Audit Contractor (RAC) has reached the $1 billion mark in corrections for overpayments and underpayments, according to a press release. HealthDataInsights (HDI), a provider of recovery auditing services for Medicare, Medicaid and other healthcare payers, is the Medicare RAC for region D, which includes 17 states and three territories. HDI has generated 36% of all corrections to date, according to the release. “CMS’s Comprehensive Error Rate Testing Report, released in November 2009, reported the improper payment rate was 8.6%, representing $28.8 billion in improper payments,” stated Andrea Benko, president of HDI, in the release. “We’re proud to recover a fraction of those dollars so Medicare can do more for those who need help the most.” HDI reached the $1 billion mark about four years after the RAC program’s inception in 2009.