Marblehead, MA (PRWEB) October 9, 2009
HCPro announced key findings today that are part of a nation-wide survey of hospitals about their efforts to prepare for the permanent Recovery Audit Contractor Program. The survey was sponsored by the Revenue Cycle Institute.
While 71% of hospitals responding said they have a formal RAC preparedness program in place, the majority of programs were still in the early stages of development, focusing on initial attempts to complete risk assessments. Slightly under half of hospitals responding have designated a RAC coordinator. Most facilities have or are building RAC teams within their facilities, and the majority of those teams include a physician advisor in some capacity.
Detailed findings about the composition and activities of those teams are outlined in the full RAC Preparedness Benchmarking Report - September 2009, which HCPro is making available only to selected clients at this time. The report also contains data from respondents about their budgets for outsourcing assistance with the RAC program and how they plan to track and manage appeals during the process.
The full report will be made available for the first time for attendees at the Medicare Compliance Forum in Atlanta, GA, which begins this month on October 26th. The Forum is sponsored by the Revenue Cycle Institute, and will bring together industry experts to cover strategic approaches to RACs, Observation Status, and the role of physician advisors.
About the Revenue Cycle Institute
HCPro's Revenue Cycle Institute is a team of experts in healthcare reimbursement and regulation whose primary mission is to help organizations identify risk, determine opportunities for improvement, and prepare for and execute regulatory changes.
For more information about the Revenue Cycle Institute, the Medicare Compliance Forum, or the RAC Benchmarking Report, please visit http://www.revenuecycleinstitute.com.
ABOUT HCPRO, INC.
Established in 1986, HCPro, Inc., is a portfolio company of Halyard Capital with corporate offices in Marblehead, MA. Providing information, products, and services assisting healthcare providers in North America and around the globe with regulatory compliance and best practices for healthcare management, the company delivers its mission-critical content in a wide variety of complementary, integrated platforms. Specializing in training programs as well as live events and consulting services, HCPro is the leader in meeting the specific needs of healthcare managers. Flagship HCPro brands include HealthLeaders Media and The Greeley Company. Additional information can be found at http://www.hcpro.com/about/press.cfm .