SIU Audits and Their Impact on Small Providers

Audits and recovery efforts are a very common aspect of the revenue cycle. The mission of all audits is to identify Fraud, Waste, and Abuse (FWA). However, the financial incentives for payors to pursue recovery are also substantial; in fiscal year 2018, the Centers for Medicare and Medicaid Services (CMS) recovered $73.03 million through the Recovery Audit Contractor (RAC) program alone. For small providers, the prospect of managing an audit can be financially and operationally daunting. Much of this stress and financial impact can be avoided through defined steps and effective revenue management. Learn more about how small providers can resolve audits quickly and efficiently.

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