Recovery Audit

A Recovery Audit is a process used by organizations, often in healthcare or finance, to review their financial transactions and claims to identify errors or overcharges. The goal is to detect mistakes such as duplicate payments, incorrect billing codes, or misapplied charges. By conducting these audits, organizations can recover funds that were unintentionally overpaid or improperly billed, ensuring accurate financial records. Essentially, it’s a targeted review to correct billing errors, improve financial accuracy, and recover funds that should rightfully belong to the organization.