What is a RAC?

inspectorRAC (now referred to as a recovery auditor, or RA, by the Centers for Medicare & Medicaid Services, or CMS) really is: a corporate entity contracted with CMS to audit payments made to Medicare providers. RAC determines whether they were paid appropriately, entitled to additional payments (in the event of under billing), or subject to recovery and loss of revenue if they billed too much. For this RACs receive a contingency fee of 9 to 12.5 percent of the net funds collected as a result of the errors they detect.
Is your facility prepared, if a RAC shows up at your door? The W3 Healthcare Services Advantage can help you prepare and mitigate your exposure from a RAC audit.