November 18, 2020
The Centers for Medicare & Medicaid Services (CMS) announced today that the Medicare Fee- For-Service (FFS) improper payment rate has continued to decline, reinforcing the Trump Administration and CMS’ commitment to strengthening Medicare and protecting taxpayer dollars. This translates to less fraud, waste and abuse that can increase the fiscal burden on the nation’s healthcare system.
Over the past four years, CMS’ aggressive corrective actions have led to an estimated $15 billion reduction of Medicare FFS improper payments. This reduction is a result of CMS’s steadfast efforts to identify the root causes of improper payments, implement action plans to reduce and prevent improper payments, and extend the Agency’s capacity to address emerging areas of risk through work groups and interagency collaborations.
Source: Centers for Medicare & Medicaid Services