HHS: New cuts to 'red tape' to save billions for healthcare providers

Savings from the combined changes will amount to "nearly $1.1 billion across the healthcare system" during the first year, according to materials from CMS.

A release added that the steps are in line with "President Obama’s regulatory reform initiative to reduce unnecessary burdens on business."

"We are cutting red tape and improving health care for all Americans," HHS Secretary Kathleen Sebelius said in a statement.  "Now it will be easier for health care providers to do their jobs and deliver quality care."