Navigation Links
RAC Companies Respond to CMS Report on RAC Demonstration Program
Date:7/11/2008

WASHINGTON, July 11 /PRNewswire-USNewswire/ -- The following is a joint statement from HealthDataInsights, Connolly Consulting and Viant Payment Solutions offered in reaction to the release of the Centers for Medicare and Medicaid Services (CMS) report on the RAC Demonstration Program:

"The report shows that the recovery audit demonstration corrected over $1 billion in improper payments from the Medicare Trust Fund over the past three years while operating in five states. The report demonstrates that recovery auditing is an effective program to ensure proper payment of Medicare claims and to improve billing practices for the future.

"The program's accountability-based fee structure established by Congress is an industry best-practice and mirrors the methods hospitals and physicians use to collect over-due accounts. The very low rate of overturned decisions of less than 5% through all levels of appeals reflects our commitment to professionalism and demonstrates the capability of recovery audit contractors to apply Medicare policies consistently and accurately."

"We are pleased to have been part of this successful demonstration project that showed third-party recovery auditing is an efficient and effective method of correcting improper Medicare payments, improving both CMS' and provider's payment and reimbursement policies, and preserving the future integrity of the Medicare program."

According to the U.S. Department of Health and Human Services, the RAC demonstration program, created by the Medicare Prescription Drug, Improvement, and Modernization Act of 2003 (MMA), is designed to find and correct improper Medicare payments paid to health care providers participating in fee-for-service Medicare. Medicare processes more than 1.2 billion Medicare claims annually, submitted by more than one million health care providers, including hospitals, skilled nursing facilities, physicians and medical equipment suppliers. Errors in claims submitted by these health care providers for services provided to Medicare beneficiaries accounted for $10.8 billion in improper payments in 2007, according to the General Accounting Office.


'/>"/>
SOURCE HDI; Connolly Consulting; Viant Payment Solutions
Copyright©2008 PR Newswire.
All rights reserved

Related medicine news :

1. Marlabs in the Top 10 BPO Healthcare Revenue Cycle Management Companies
2. Draxis Health selected by Johnson and Johnson Consumer Companies, Inc. for major contract manufacturing relationship
3. Heartline(R) Fitness Systems Named to Inc. Magazines Inaugural List of the 5000 Fastest Growing Private Companies in U.S....
4. Allscripts Named to FORTUNE 100 Fastest-Growing Companies List
5. Inc. Magazine Reveals Its 26th Annual List of Americas 500 Fastest-Growing Private Companies
6. Health Advocate Recognized by Inc. 500 as One of the Nations Fastest Growing Private Companies
7. Meritain Health Announces Name Change for Acquired Companies
8. Philadelphia Insurance Companies to Sponsor the 2007 Parkway Run/Walk
9. AstraZeneca Recognized as One of Working Mothers 100 Best Companies for the Sixth Consecutive Year
10. New Report Says a Pandemic is Overdue, But Companies and Nations are ill Prepared to Cope With the Impact
11. URAC Announces First Companies to Earn New Pharmacy Benefit and Drug Therapy Management Accreditations
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:10/13/2017)... ... October 13, 2017 , ... Global Healthcare Management’s 4th ... Park in Milford, NJ. This free event, sponsored by Global Healthcare Management’s CEO, ... The fun run is geared towards children of all ages; it is a non-competitive, ...
(Date:10/13/2017)... (PRWEB) , ... October 13, 2017 , ... “America On ... Christian identity. “America On The Brink” is the creation of published author, William ... several great-grandchildren. As a WWII veteran, he spent thirty years in the Navy. ...
(Date:10/12/2017)... ... October 12, 2017 , ... IsoComforter, Inc. ( ... today the introduction of an innovative new design of the shoulder pad. The ... get maximum comfort while controlling your pain while using cold therapy. By utilizing ice ...
(Date:10/12/2017)... ... ... HMP , a leader in healthcare events and education, today announced that ... for ‘Best B-to-B Healthcare Website.’ Winners were announced during the Eddie & Ozzie Awards ... recognizes editorial and design excellence across a range of sectors. This year’s program included ...
(Date:10/12/2017)... , ... October 12, 2017 , ... ... $3,296 in property taxes a year. In some states—like New York, New Jersey, ... By contrast, many overseas retirement havens have extremely low property-tax rates, which contributes ...
Breaking Medicine News(10 mins):
(Date:10/7/2017)... 2017   Provista, a proven leader in ... in purchasing power, today announced a new resource area ... Newsroom is the online home for case studies, ... bios, news releases, slideshows and events. ... of resources at their fingertips, viewers can also watch ...
(Date:10/4/2017)... , Oct. 4, 2017 ... single-use, self-contained, illuminating medical devices, today announced regulatory ... Health Surveillance Agency (or Agência Nacional de Vigilância ... first single-use, cordless surgical retractor with integrated LED ... optimal access, illumination and exposure of a tissue ...
(Date:10/2/2017)... -- Halo Labs announces the European launch of their new low ... MIBio 2017 in Cambridge, U.K on October ... biopharmaceutical samples with unprecedented speed and sensitivity while using far less ... Imaging. ... analysis system ...
Breaking Medicine Technology: