Payment recapture audits to be expanded

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On March 10, President Obama signed a presidential memorandum directing all federal departments and agencies to expand and intensify their use of payment recapture audits.


Like Medicare’s recovery audit contractor initiative, the audits will offer specialized private auditors financial incentives to root out improper payments. Expanded use of the reviews could recoup about $2 billion in taxpayer money over the next three years, the White House said in a prepared statement. The president also is supporting the Improper Payments Elimination and Recovery Act (S. 1508 and H.R. 3393), which has bipartisan backing and would expand the ability of government agencies to fund audits with the recaptured payments. Agencies can currently use recaptured funds to pay for audits only in certain situations, the White House explains. “Currently, using reclaimed funds to pay for recapture audits is only possible for the Medicare fee-for-service program payments and for government contracts at the 20 out of 24 major government agencies that do more than $500 million in government contracting,” the statement says.

 

http://www.whitehouse.gov/the-press-office/president-obama-announces-new-effort-crack-down-waste-and-fraud

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