RAC Updates: Assessing Your RAC Risk by ...

The adage “no news is good news” definitely does not apply to physician offices when it comes to the RAC (Recovery Audit Contractors) program. For the past several years (during the 3-year demonstration program and during the past year of national expansion), RACs have primarily been focused on hospitals and not individual physician offices. This false sense of security has caused...

Revenue Cycle Management: Ten Tips to Ma...

Healthcare is one of few industries where services are not paid for when they are received. Typically, one party (such as a doctor or hospital) provides services to a second party (a patient), but a third party (a health insurance carrier) is often involved in facilitating financial reimbursement for the services provided. Money keeps the practice in business. Each phase of the revenue...