Provider Beware: If You Find A Medicare Overpayment, Give It Back - Fast!
February 27, 2012
The Patient Protection and Affordable Care Act requires that providers report and return a Medicare overpayment no later than 60 days after the overpayment is identified. Failure to do so exposes the provider to liability under the Federal False Claims Act, which can result in having to repay three times the overpayment as a penalty, plus other draconian fines and costs. On February 16th, CMS published a proposed rule to clarify this obligation.
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