Hello,
We are please to present a number of exciting events this November.
Don’t Miss These Exciting Events
Be sure to check out Kathleen Rands “Meet the Staff” series where overviews of BHMs consultants will be highlighted including videos of our experts, biographical information, and a more in depth focus on some of the services the BHM Healthcare Solutions provides. Kathleen kicked this series off with a feature of our President, Mark Rosenberg. Let’s discuss the exciting events we have coming up soon.
Don’t Miss These Exciting Events
Following this Vickie Axsom-Brown, one of BHM’s newest members will host an online learning series beginning Nov. 15th centered on RAC audits. As a former auditor and widely known industry expert, Vickie will share secrets and tips on all things RAC-related. Additionally, she will be welcoming comments and questions, and this is a rare opportunity for our followers to gain valuable insight, and get questions answered directly by someone with substantial experience in the field.
Why RAC Audits Are Important In Healthcare
RAC (Recovery Audit Contractor) audits play a crucial role in the healthcare industry by serving as a mechanism to ensure compliance with billing and coding regulations while addressing potential instances of fraud, waste, and abuse. These audits are particularly important for several reasons.
Firstly, RAC audits help maintain the integrity of healthcare billing systems. By scrutinizing claims and reimbursement processes, RACs identify inaccuracies and discrepancies, ensuring that healthcare providers are appropriately reimbursed for the services they provide, and preventing overpayments or underpayments.
Secondly, RAC audits contribute to the overall financial health of the healthcare system. Identifying and recovering improper payments help to protect the financial stability of government-sponsored healthcare programs, such as Medicare and Medicaid, as well as private insurers. This, in turn, helps in sustaining these programs and ensuring their availability for those who depend on them.
Moreover, RAC audits act as a deterrent to fraudulent activities within the healthcare sector. The knowledge that audits are conducted encourages healthcare providers to adhere to billing and coding guidelines, reducing the likelihood of intentional misrepresentation for financial gain.
In addition, RAC audits promote transparency and accountability. They provide a systematic and objective review of healthcare claims, offering insights into the effectiveness of existing billing practices and highlighting areas that may need improvement.
We hope that you will join us for both of these dynamic sessions, and we look forward to seeing all of your questions and comments!
Best Regards,
Danyell Jones
