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:7/24/2017)... ... July 24, 2017 , ... SignatureCare Emergency Center ... be awarded for the fall semester to a deserving student. Get your applications ... 2017 scholarship was awarded to Mariana Castillo who is a nursing student at Prairie ...
(Date:7/24/2017)... , ... July 24, 2017 , ... ... (MCPS) have partnered together for a unique opportunity that helps high school girls succeed ... “Removing Barriers, Creating Opportunities.” Horizon Goodwill will host over 20 high school ...
(Date:7/24/2017)... , ... July 24, 2017 , ... The International Essential ... life-altering neurological condition called essential tremor (ET). The seminar will take place on Saturday, ... Woods Blvd., Independence, OH. The program will run from 9 a.m. to 12 p.m., ...
(Date:7/24/2017)... ... July 24, 2017 , ... The Topricin Companies, ... awareness for Topricin’s revolutionary, natural, after-burn skin care product, Topricin After Burn Cream. ... of long term skin conditions, including cancer. In the short term, overexposure ...
(Date:7/24/2017)... ... July 24, 2017 , ... Puregraft, the global ... the issuance of United States Patent Number 9,695,398 (the '398 patent) and South ... The '398 and '324 patents cover methods and systems for optimizing fat grafts ...
Breaking Medicine News(10 mins):
(Date:7/11/2017)... , July 11, 2017  Dr. Echenberg, founder of Echenberg Institute, ... program to patients who suffer from painful intercourse and other painful pelvic ... vaginal atrophy due to menopause. ... VuVatech LLC ... created by Sarasota, Florida -based start-up company, VuVatech LLC, ...
(Date:7/10/2017)... medical equipment and supply demand is forecast to reach ... Equipment & Supplies: United States , a report ... demand for medical services – driven in large part ... gains in disposable personal income – will boost sales ... also drive sales as providers and patients seek the ...
(Date:7/10/2017)... , July 10, 2017  BDI Group ... and patient support services organization serving specialty pharmacies, ... the launch of four significant, value-added member programs ... insights, better manage reimbursement and improve access and ... factor therapies. ...
Breaking Medicine Technology: