Recovery Audit Contractors (RACs) have identified $592.5 million is improper payments to Medicare providers during the first three quarters of FY2011, October 2009 thru June2011, according to new figures published by The Centers for Medicare and Medicaid Services (CMS) on their public website in a document entitled “July 2011 FFS Update [PDF, 217 KB].” All the improper payments identified were made during a 36-month look-back period, which is the current limit set by CMS for the RACs. Continue reading →