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Follow on Google News | Medicare RAC Audit Preparation Identifies And Corrects Errors, Saving ThousandsPayment Automation Network, Inc. announced the launch of a new service for physicians, home health agencies, hospitals and durable medical equipment providers in preparation for the upcoming Medicare audit by the RACs.
By: Ken Martinez, President A detailed, comprehensive base-line audit in advance of the RAC is intended to assist the provider identify and correct errors in the current billing and coding, and to make recommendations for areas of improvement. By catching errors well in advance, a practice can save thousands of dollars in Medicare overpayments. Payment Automaiton Network, Inc. will do an audit of a random sample of patient files. Audits are done by certified coders who have extensive experience in coding as well as government audits. The company has a page set up on their website with details of how the process works and what is needed, along with Frequently Asked Questions and contacts. "The cost of doing a review independent of the Medicare RACs is minimal when you consider that not knowing what the audit contractors are going to find could cost you thousands," Ken Martinez said. "What's more, around 15% of the providers out there may find that they are being underpaid by Medicare due to improper coding. Believe it or not, Medicare is not only looking to recover money, but to pay back underpayments as well." Payment Automation Network, Inc. is a medical practice management company specializing in improving the cash-flow of medical practices. You can learn more about the Medicare audit at www.PaymentAutomation.net # # # Payment Automation Network, Inc. offers cash flow services nationwide for medical providers and businesses. We specializes in helping all kinds of businesses increase their cash flow using next generation in technology. We are a Full-Service Billing and Receivable Collection company specializing in collecting your receivables faster and for less than it would cost on your own. End
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