All Entries Tagged With: "Recovery Audit Contractor"

Take our survey; Be part of a comprehensive look at national RAC preparedness

We invite you to take our comprehensive survey on what your facility is doing to prepare for the permanent RAC program. It should take approximately 10 minutes to complete.

We value your input and appreciate your time and effort in completing this anonymous survey. As a thank you, we will be happy to send you our completed benchmarking report detailing the results of the survey. To receive your free copy of the benchmarking report, you will have the opportunity to separately request one upon completion of the survey. Thank you for your time and consideration.

To participate in the survey, click here.

Your revenue cycle in four years — better or worse?

President Barack Obama got a do-over at this week’s inauguration. Obama took the oath of office a second time on Wednesday because Chief Justice John Roberts deviated from the language in the Constitution the first time. Obama repeated the mistake, forcing a redo.

It got me thinking – why won’t CMS let revenue cycle managers do a “redo” on a bad claim and end it there? Wouldn’t it be nice if your Recovery Audit Contractor simply said, “This was wrong. Do it over. No monetary penalties.”

That won’t happen anytime soon – especially with Medicare’s Trust Fund predicted to go bankrupt by 2016. Just how will this new administration affect healthcare providers and their bottom line? I don’t have the answer.

Maybe you do. At the end of Obama’s term, where do you think your facility will be? Better off or not?

NEWS: Six of 10 RACs in New York overturned on appeal

Nearly 60% of Medicare’s Recovery Audit Contractor (RAC) determinations in New York State were given back to facilities after appeals, the Healthcare Association of New York reports.

About 33% of providers appealing RAC determinations won their cases and recouped their money.

To read the full story by the Healthcare Association of New York, click here.