RAC Solutions ( Recovery Audit Contractors )
Have you considered how the RAC will affect your organization. The time to act is now. SSI has a product that can help you track and respond to RAC but you need to act now. ClickON® RADS ( Revenue Audit Defense System ) can be installed to help with your workflow through the auditing process. If you delay you may pay.
Call us today to find out more about this new product. 1-800-881-2739
Or click here to view our ClickON® RADS product information. - ClickON® RADs Product Workflow
What is Recovery Audit Contractors ( RAC )?
RAC is a Medicare auditing program that utilizes private firms to examine physician, hospital, nursing home, and other claims to find instances in which the government has overpaid providers. According to a recent status report by the Centers for Medicare and Medicaid Services (CMS) the existing RAC had recovered $303.5 million in improper payments since the spring of 2005. CMS has recouped $68.6 million in overpayments from providers, including physicians, hospitals, durable medical equipment (DME) suppliers and labs, for alleged unnecessary services, improper coding and secondary payer issues. It is expected that CMS will recover another $294.5 million in identified overpayments from providers in the future.
According to CMS, the RAC demonstration program has proven to be successful in returning dollars to the Medicare Trust Funds and identifying monies that need to be returned to providers. It has provided CMS with a new mechanism for detecting improper payments made in the past, and has also given CMS a valuable new tool for preventing future payments.
On October 6, 2008, CMS announced the names of the new national RAC. The new RAC are:
- Diversified Collection Services, Inc. of Livermore, California, in Region A, initially working in Maine, New Hampshire, Vermont, Massachusetts, Rhode Island and New York.
- CGI Technologies and Solutions, Inc. of Fairfax, Virginia, in Region B, initially working in Michigan, Indiana and Minnesota.
- Connolly Consulting Associates, Inc. of Wilton, Connecticut, in Region C, initially working in South Carolina, Florida, Colorado and New Mexico.
- HealthDataInsights, Inc. of Las Vegas, Nevada, in Region D, initially working in Montana, Wyoming, North Dakota, South Dakota, Utah and Arizona.
Additional states will be added to each RAC region in 2009.
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