RAC stands for Recovery Audit Contractor. The audit that we perform is designed to analyze the payments that providers receive from Medicare and Medicaid, and to determine if the payments are over or under what they are supposed to be.
This is an emerging function that is essential to provider offices, because if you wait for the federal government to do the audit, you could be faced with huge fines!
By us performing a preventive audit through , you will potentially save tens of thousands of dollars.
The Recovery Audit Contractor is a program designed to detect and correct improper past payments made on claims of health care services provided to Medicare beneficiaries.
RAC Auditors may potentially examine your patient chart and attempt to identify improper payments.
1. We will perform a 50 chart random base-line audit per physician.
2. We procide a detailed compliance summary on our findings with recommendations to bring your documententation into Medicare compliance.
3. We identify areas of underpayments and communicate this to you sp proper coding can be utilied to increase your reimbursement rate
4. We will review for correct diagnosis coding and improper documentation of the chart note.
DON'T WAIT UNTIL MEDICARE SHOWS UP!
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