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Health care service companies are taking a hit today on reports that Medicare carriers in 11...

Health care service companies are taking a hit today on reports that Medicare carriers in 11 states will begin performing 100% pre-payment audits on inpatient stays related to 15 cardiovascular and orthopedic treatments. There will be a 30-60 day period in which records will be reviewed to determine whether there was actually a medical necessity for the procedures that occurred during the hospital stay. THC -10%, HMA -8%, CYH -5.2%, HCA -7.4%, VHS -5.4%.
Comments (2)
  • jweissman
    , contributor
    Comments (570) | Send Message
     
    My experience is that Medicare must audit doctors and hospitals. I saw directly amazingly out in the open abuse. Is it any surprise that "health care costs" are, have been, will be completely uncontrollable ?
    3 Dec 2011, 10:38 AM Reply Like
  • The Geoffster
    , contributor
    Comments (4204) | Send Message
     
    Medicare fraud is systemic. The same holds for all government programs. Always has been, always will be. Imagine the savings if just 10% of the fraud could be eliminated. Of course, the government would spend the savings so it wouldn't make any difference.
    3 Dec 2011, 03:01 PM Reply Like
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