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A Practical Guide to Phylogenetics for Nonexperts
Published on: February 5, 2014
Recovery audits: Practical update for neurology practices
Joseph V Fritz1, Sandra Setlock1, Daneen P Grooms1
1Dent Neurologic Institute (JVF, SS), Buffalo, NY; and Regulatory Affairs (DPG), American Academy of Neurology, Minneapolis, MN.
Abstract:
Recovery Audit Contractors (RACs) are contracted by the federal government to review providers' medical billing. Experience has demonstrated substantial savings to the strapped Medicare fund, fueling increased scrutiny. RAC audits are constrained to published focus areas, and its targeted approach makes use of sophisticated analytics. Although some of the analyses used by the RACs may be proprietary, much of the auditing process is transparent, allowing providers to prepare their practices in advance of audits. This article reviews the current state of RAC auditing and offers strategies to minimize financial pain and leverage the process for competitive advantage.
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