A substantial number of providers will experience a Recovery Audit Contractors (RAC) audit, but few are taking the necessary steps to prepare for or manage it. From the request for information through the five stages of appeals, providers need to understand how to identify the accounts that pose the greatest risk for additional audits, correct accounts prior to being audited, handle accounts that are being audited, manage remittances after accounts have been audited, and follow procedures of each appeal level.
Preparation is the key to prepare for a RAC audit or to efficiently manage the process should an audit occur. Be proactive and employ best practices so management of the audit process is efficient. Gain a better understanding of your responsibilities and liabilities, and how to best manage the appeals process. Get the tools you need to proactively prepare for potential RAC audits.
Revenue Cycle Outsourcing Increases Cash Flow and Enhances Financial Performance
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