Iowa taxpayers saved nearly $30 million this year through a program aimed at catching Medicaid errors, according to Healthcare Finance News.
The program integrity initiative is a three-year, $14 million agreement with Optum of Eden Prairie, Minn., to evaluate and analyze claims submitted by major Medicaid providers. Much of the savings from the analysis came from recoveries due to claiming errors.
This is the second year of the program, and taxpayers have been saved a total of nearly $50 million since its inception.
The initiative also seeks to correct or save money on hospital readmission, credit balance reviews, upcoding, billing errors, questionable dental claims and questionable chore claims.
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The program integrity initiative is a three-year, $14 million agreement with Optum of Eden Prairie, Minn., to evaluate and analyze claims submitted by major Medicaid providers. Much of the savings from the analysis came from recoveries due to claiming errors.
This is the second year of the program, and taxpayers have been saved a total of nearly $50 million since its inception.
The initiative also seeks to correct or save money on hospital readmission, credit balance reviews, upcoding, billing errors, questionable dental claims and questionable chore claims.
More Articles on Billing, Coding and Collections:
UnitedHealth Group Joins Federal Government's Fight Against Healthcare Fraud
Health Language and NextGen Healthcare Team Up to Enhance Billing Workflow
AAPC: Is Your Practice Getting Paid for the Services it Performs?