Overbilling costs Medicare $40B each year — 3 key points

A new report claims improper payments cost Centers for Medicare & Medicaid Services nearly $40 billion annually, according to AAPC.

Here are three key points:

1. In 2011, overpayment statistics totaled 8.6 percent.

2. This figure increased to 12.1 percent last year, which is equivalent to a $40 billion loss each year.

3. Louisiana has the highest overfilling rate (19.4), followed by Texas (17.3 percent) and Alabama (14.3 percent).

More articles on coding & billing:
SwervePay acquires startup focused on medical cost education: 4 points
Florida health officials reach settlement in children’s Medicaid case — 5 takeaways
Anthem, Dignity Health partner for new health insurance plan — 3 takeaways