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Healthcare Financial News - OIG Reports Record $43 Billion in Savings and Recoveries

Healthcare Financial News


Tuesday, December 18, 2007
OIG Reports Record $43 Billion in Savings and Recoveries

The Department of Health and Human Services (HHS) Office of Inspector General (OIG) semiannual report to Congress reported total FY07 savings and expected recoveries of $43 billion; $5 billion more than last year and more than double the savings and recoveries of just five years ago.

OIG’s FY07 $43.08 billion in savings encompasses $39 billion in implemented recommendations and other actions to put funds to better use; $1.9 billion in audit receivables, up from $789 million in FY06; and $2.18 billion in investigative receivables, an increase of $578 million from FY06.

Also for this reporting period, OIG reported exclusions of 3,308 individuals and entities for engaging in fraud or abuse with respect to federal healthcare programs and/or their beneficiaries; 447 criminal actions against individuals or entities that engaged in crimes against departmental programs; and 262 civil actions, which include False Claims Act and unjust enrichment suits filed in district court, Civil Monetary Penalties Law settlements, and administrative recoveries related to provider self-disclosure matters. Download the document.

posted on 12/18/2007 9:01:44 AM (CST)  Permalink