A four-step approach to a risk management plan

In an attempt to reduce government spending, state and federal agencies are taking a fine-tooth comb to organizations that receive Medicaid funding. That means having an effective compliance policy is more important than ever.

The escalation of Medicaid costs—an expected $204 billion in fiscal year (FY) 2008 and $400 billion in 2009—raised red flags in Congress, said Michael F. Mangano, a former principal deputy and acting inspector general in the OIG and senior vice president at Strategic Management in Alexandria, VA.