RACs have also given back $109.4 million in underpayments to providers.
If a coding or billing professional receives a request for records from an RAC contractor, review the request with the provider who rendered the service to make sure the record is accurate before sending documentation. You can make note if the provider discovers an error or if the record was correctly coded.
Studies have shown 75 percent of the initial recoupments from RACs are overturned, which indicates inefficiencies in the process. Have a well-rounded knowledge of how to handle any RAC requests to be prepared to handle any reviews.
More Articles on Coding, Billing and Collections:
How to Document and Bill Global Procedures
Report: Data Breaches Cost $7B Annually
Report: Paying for Value, Not Volume Could Save $600B Over 10 Years
At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.
