Kelly Kennedy a reporter for USA Today recently wrote a story about healthcare fraud and abuse, and shared a staggering statistic, according to government statistics “federal health care fraud prosecution in the first eight months of 2011 are on pace to rise 85% over last year”
What is causing this dramatic increase? The Obama administrations ramped up fraud enforcement and economic recoupment efforts which are being banked on as a way to pay for Obamas proposed Health Care Reform plans.
According to the article, statistics which were harvested and released by the Transactional Records Access Clearinghouse (TRAC) show that prosecutions went from 731 people in 2010 to 903 people so far in 2011. Furthermore “prosecutions have gone up 71% from five years ago, according to TRAC.”
With such an emphasis on recoupment from both a fraud and abuse perspective, and a RAC audit perspective it will become more important than ever that organizations are aware of all of the new laws and regulations which are being released, and that they have a healthcare compliance program in place to mitigate any risk to their organization.
The key is preparation…..so make sure that your organization is ready. If you are not sure if you have a solid healthcare compliance program, BHM can help. Just give us a call at 1-888-831-1171 to set up your free initial consultation.