Clinical Laboratories and Pathology Groups Should Prepare for RAC Audits
Medicare Recovery Audit Program expands their program in 2011 to include clinical laboratories and pathology groups. The Recovery Audit Contractor (RAC) was created to identify and recover the improper Medicare payments made to heathcare providers. This means that over the next 12 months, clinical laboratories, pathology groups, and medical laboraties will be seeing RAC auditors for the first time at their organizations.
To date, this has become a very large scale penalty enforcing initiative. Modern Healthcare magazine reported that in just the first three months of 2011, the RAC had generated over $162 million in recovered funds to the Medicare program.
Colaborate has a team of labotatory and healthcare industry experts available to help you diagnose and remedy all of your potential issues prior to an audit. In addition, we also offer Chargemaster Reviews, compliance audits, strategic planning, and virtually any other service to assist your laboratory in working to its fullest potential. To get started reviewing your organization, contact us today.