Recorded Webinars
Is Your Practice Prepared for a RAC Audit?
Did you know that under-coding is as likely to attract a RAC audit as over-coding? Medicare Recovery Audit Contractors (RAC) are in your neighborhood and you could be their next target. Will you be ready? Medicare has contracted with four private firms to perform medical records and billing audits on providers in all 50 states. Private practices are subject to the scrutiny of these auditors, who are seeking to save Medicare as much as $10 billion by 2015. Medical records that go back three years from the date of payment are subject to their review. Making an honest mistake for three years could have a monumental financial repercussion on a practice. Taking a proactive approach is the only way to minimize risk. Our presenter has more than 35 years of experience in revenue cycle management and billing audits. While she was invited to lead a physician audit team for one of the designated RAC contractors, she chose to apply her expertise differently -- helping physicians avoid the consequences of a RAC audit. This is a webinar you really can’t afford to miss!
Format: Window Media | Watch now
Audience
- Physicians
- Group CFOs
- Office Managers
What You'll Learn
- What are RAC's and MIC's?
- Why do they exist?
- How will they affect me?li>
- How can I be certain I am in compliance?li>
- What should I look for when selecting an audit consultant?
The Presenter
Terry Connors
RAC Audit Expert, Revenue Xpress RAC Consulting Team
Terry Connors, an audit expert on the Revenue Xpress RAC consulting team, is a 35-year veteran in revenue cycle management, with expertise in hospital, ambulatory surgery centers, home health, durable medical equipment and physician medical clinics. Her extensive career equips her to provide consulting on receivable management, billing audits and coding oversight. She helps private practices develop and implement formal compliance and educational programs. She was invited to lead the Physician audit team for Viant on the Medicare RAC team but chose to use her experience to support physicians across the country in preparing and defending against these aggressive audits. Since that time she has served as “technical expert witness" on fraud and abuse cases representing providers under scrutiny.
