RAC RESULTS TO-DATE [Beta]
By Staff Reporters
According to the Centers for Medicare and Medicaid Services [CMS], RACs collected about $1-B in improper payments during their recent beta testing period. Of these payments; 96% were over-payments, 4% were under-payments; and 77% of providers failed to appeal, 7% appealed successfully and 15% appealed unsuccessfully.
Going forward there will be a three year “look-back period”, and a 10% contingency payment level for the four regional RACs currently in the program:
- Connolly Consulting
- PRG-Schultz
- HealthDataInsights
- Diversified Collections Services
By 2010, the RAC program is scheduled to launch in all 50 states. And so, please cast your vote in our exlcusive ME-P RAC program survey poll.
Filed under: Ethics, Health Economics, Monthly Reports, Practice Management, Professional Liability, Quality Initiatives, Surveys and Voting | Tagged: CMS, CMS over-payments, CMS under-payments, Connolly, HealthDataINsights, PRG-Schulz, RAC, Recovery Asset Contractor










