Medicare recovery audit contractors: what providers need to know and how to prepare.
RAC audits are on their way in 2009 and all providers should strive to be prepared. In a depressed economy in which most providers are experiencing decreased or stagnating reimbursement, an additional hit to the bottom line from a RAC audit is especially unwelcome. Providers have a number of tools at their disposal, however, to proactively prepare in advance of receiving a RAC demand letter or medical record request.
Riley
James B
JB
Health Care Department at McGuireWoods LLP, Chicago, USA.
Greis
Jason S
JS
D014487:Centers for Medicare and Medicaid Services, U.S.; D003284:Contract Services / Q000458:organization & administration*; D005375:Financial Audit / Q000458:organization & administration*; D006801:Humans; D007345:Insurance Claim Review / Q000458:organization & administration*; D006278:Medicare / Q000458:organization & administration*; D012051:Reimbursement Mechanisms / Q000458:organization & administration; D014481:United States