Thompson announces overhaul of Medicare's Accounting System. (Updata). Healthcare Financial Management | November 1, 2001 | COPYRIGHT 2001 Healthcare Financial Management Association. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information) Copyright

Medicare's various accounting systems will be consolidated into a single, integrated system that is expected to dramatically improve payment accuracy, HHS Secretary Tommy Thompson announced on September 27. The new, integrated system eventually will replace 53 different systems now in use by the private insurance companies that process and pay nearly 3 million Medicare claims every day. The overhaul is expected to save $1.2 billion through FY10.

The new system will be called the Healthcare integrated General Ledger Accounting System (HIGLAS). CMS will be assisted ...

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