AMCNO to Offer Seminar on Recovery Audit Contractors |
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What is a RAC? The Centers for Medicare and Medicaid Services (CMS) implemented the demonstration project in 2005 using Recovery Audit Contractors to review Medicare claims to identify underpayments and overpayments to providers in the Medicare program. The RAC contractors are paid a contingency fee based on the amount of overpayment collected. RACs recover $1 for every 20˘ spent, and 94% of their audits result in overpayment assessments. CMS is so pleased with the program that it is rolling it out nationwide in 2009 and 2010. The RAC contractor for Ohio has been chosen and should begin their audits sometime after August 1, 2009. COME AND LEARN HOW TO DEAL WITH RECOVERY AUDIT CONTRACTORS AT THE ACADEMY OF MEDICINE OF CLEVELAND & NORTHERN OHIO (AMCNO) SEMINAR “HOW TO AVOID MEDICARE’S BOUNTY HUNTERS AND WHEN: WEDNESDAY, SEPTEMBER 9, 2009 – 6:00 P.M. Where: AMCNO Offices - 6100 OAK TREE BLVD. LOWER LEVEL SPEAKERS: DAVID A. VALENT, ESQ. COST: AMCNO MEMBER OR STAFF $15.00 A LIGHT DINNER WILL BE SERVED WHAT YOU WILL LEARN: For a copy of the registration form go to the AMCNO web site at www.amcnoma.org or call the AMCNO at 216-520-1000, ext. 102.
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