Wednesday, January 6, 2010

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RAC Contractor Updates and Information

By now the Recovery Audit Contractors (RACs) have begun their reviews. In the early stages they have been primarily focusing on the Inpatient Hospital setting with some issues being reviewed for Outpatient Hospital, Durable Medical Equipment (DME) and Physician settings.

Whatever category you fall into, it is never too early to begin reviewing your coding and billing procedures. The RACs can review charts as far back as October 2007. If you are not sure of your coding or would like to catch mistakes and correct them now, an independent baseline audit would be a good recommendation. An experienced, certified coder can actually save you money. The sooner you can correct errors in your coding and billing, the more you save yourself in potential repayments to Medicare.

To find the latest news and updates, and the most current list of approved issues for audit in your region, click here.

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