AC auditors lauded for recovering hundreds of millions in overpayments
WASHINGTON – The Obama administration announced today it met its goal of recapturing $2 billion in overpayments to contractors by the end of this fiscal year nearly six months ahead of time.
A press release states that this is "due in large part" to the Medicare Fee-for-Service Recovery Audit Contractor (RAC) program, with hundreds of millions of dollars in recoveries.
In a further effort to reduce wasteful spending, the Obama administration today launched a Do Not Pay portal at the Department of the Treasury that is intended to bring together multiple government databases into one checkpoint. The online tool will deploy advanced data matching and analytics to identify and stop wasteful errors before they happen, according to the press release.
The Office of Management and Budget (OMB) issued a memorandum today to all agencies directing them to use the new Do Not Pay tool. It is expected that by the spring of next year, every major government agency will be using it.
"We are committed to continuing an aggressive campaign to stop misdirected and erroneous payments that represent an unacceptable waste of these tax dollars," stated Jeffrey Zients, acting director of the OMB. "We are at a real turning point in this fight and the Do Not Pay tool will allow us to stop more of these payments before they occur.”