The RAC (Recovery Audit Contractor) program has the potential to cost your healthcare organization millions of dollars. Not only do you have to worry about paying for overpayment determinations, conducting the RAC audit can be time-consuming and expensive.
Section 302 of the Tax Relief and Healthcare Act of 2006 (TRHCA) requires that the Department of Health and Human Services (DHHS) to implement a permanent nationwide RAC program by January 1, 2010. It is also anticipated that a Medicaid RAC program may be initiated within the next 3 years.
Contractors have been selected by Medicare to review and identify improper payments by healthcare organizations. The RAC contractors will be paid on a contingency basis for any overpayments and underpayments they identify. It's in your best interest to be fully prepared for RAC Audits.
IMR Healthcare's RAC Audit Solution makes the audit process easier and can help avoid overpayment determinations.
- Prevent lost revenue due to overpayment findings.
- Respond to RAC requests within timelines.
- Minimize costs related to the audit process.
RAC Audit Solution
IMR's Healthcare RAC Audit Solution facilitates the electronic capture, storage, and management of all types of documents, so that everyone in your organization - from scheduling to billing - can have access to the same documents simultaneously. Any document within the system can be retrieved, viewed, revised, annotated, and distributed as needed.
The IMR RAC Audit Solution manages the audit process from start to finish so you never miss a deadline or have to devote additional staff time to the process. Instead of manually pulling documents and tracking progress on a spreadsheet, you manage the entire audit-documents and progress-in an easy-to-view dashboard.
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