MedCity News September 9, 2021
Anuja Vaidya

When CMS overpays for services, providers and commercial payers are responsible for paying the agency back, and at times, they are on the hook for millions of dollars. But technology can help healthcare stakeholders catch the mistakes that lead to overpayments, thereby reducing unnecessary costs.

Overpayments from the Centers for Medicare & Medicaid Services can prove to be a huge cost burden for providers and commercial payers, as they are then on the hook for paying the government back and in some cases are facing legal jeopardy. But avoiding this situation is not all that complicated. It calls for a diligent review of revenue cycle management processes and new tech is here to help.

CMS’ overpayments can reach the millions....

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Topics: CMS, Govt Agencies, Insurance, Medicare, Medicare Advantage, Payer, Provider, RCM (Revenue Cycle Mgmt), Technology
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