Medicare Federal Investigators Getting Algorithms to Analyze And Find Fraud-Good Move as Contractors Efforts Are Weak With Risking Loss Of Transaction Revenue
Office of Inspector General to Monitor Upgrade of CMS Computer and Data Systems and Stimulus Incentives for EHRs In addition with use of such software then can also identify situations like this…and get the money in sooner from insurers.
Insurers Made $450 Million with Interest Income by Holding Medicare Funds for Around 46 Days Before Releasing Payment
Back on track here you can see how this is becoming a big business and the crooks feed on the web to find doctors credentials and NPI numbers to bill to as well. Criminals do a better job as many don’t practice healthcare, they just bill fraudulently.
Anyway, the video is a good look at how fraud is beginning to shape into the world of “organized crime” and some of the battles are fought exactly in that style. The above link has a couple additional videos of interest on the same topic to include an interview with one who was caught and talked about how he functioned. In the meantime we seem to keep chasing the hospitals for a lot of the “billing mistakes” made by consulting companies who promise a bigger percentage return and you have to wonder there as well about the software and the consultants. It’s usually not the clinical help as they are there to take care of patients but rather the administrative areas that are responsible for the administration and costs who find their way into some of these snags. BD
It is one of the biggest and most overlooked factors in the rising cost of health care. According to government estimates, fraud in programs like Medicare and Medicaid costs taxpayers $80 billion a year, with some estimates as high as twice that amount.
A federal fraud crackdown, some of it mandated by the Affordable Care Act, has made a dent in the problem, but the record $4.1 billion recovered in 2011 is a small fraction of the total.
Every procedure and diagnosis has a billing code. The codes are used not only for billing Medicare and Medicaid, but in many private insurance programs as well. There are already thousands of codes, used in increasingly sophisticated data analysis by authorities seeking to spot fraud.
One such business is operated by Dr. Adam Alpers, an osteopathic physician in Ocala, FL. Alpers created a video series called "Medical Coding Cash Secrets," which he sells on his web site.