As of January 2, 2013 Medicare has 5 years to recover overpayments, with interest, from providers. This is a 2 year extension of the previous 3 year deadline. This was enacted as part of the American Taxpayer Relief Act of 2012 and is estimated to save $500 million, a projection of the Congressional Budget Office. Critics of this policy exclaim that it will cost practices more money, understanding Medicare payments must be closely monitored for another 2 years in order to limit exposure. APS’ contract management system continues to monitor all payments and will be utilized on your behalf to help scrutinize payments and each client’s risk.
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