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Healthcare Financial News - OIG Reports Big Return on Investment for Oversight Efforts in FY08

Healthcare Financial News


Tuesday, January 20, 2009
OIG Reports Big Return on Investment for Oversight Efforts in FY08

The U.S. Department of Health & Human Services’ (HHS) Office of Inspector General (OIG) has presented its annual performance report for FY08, noting that the OIG’s oversight efforts produced a $17 to $1 return on investment over the past year.

The FY08 report highlights $2.35 billion in HHS receivables that were court ordered or agreed to be paid through civil settlements resulting from cases developed by OIG investigators, and an additional $1.33 billion in audit recoveries that HHS program managers agreed to pursue as a result of OIG audit disallowance recommendations. HHS program managers also agreed to implement 85 of OIG’s quality and management improvement recommendations.

Read the report

posted on 1/20/2009 8:47:47 AM (CST)  Permalink