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MRO Offers Tracking and Reporting Module for Recovery Audit Contractor (RAC) Requests

2008-07-14 09:21:00

MRO Offers Tracking and Reporting Module for Recovery Audit Contractor (RAC) Requests

RAC Tracker Online Manages the Entire RAC Process from Initial

Request Through Payment Resolution

KING OF PRUSSIA, Pa.–(EMWNews)–MRO Corp., the market leader of shared-service, release-of-information

(ROI) solutions for healthcare providers, today announced RAC Tracker

Online, a request management program that enables hospitals to

effectively manage the entire Recovery Audit Contractor (RAC) audit

process.

The new module will allow healthcare providers to manage incoming RAC

requests from initial audit through the appeals process and payment

resolution. In addition to tracking all aspects of the process, RAC

Tracker Online creates detailed trend analyses, identifying steps that

will allow providers to enhance the claims process and avoid future

audits.

Many RAC reviews begin with a release-of-information (ROI) request. RAC

Tracker Online will be integrated with MROs

flagship software, ROI Online, as well as

being offered as a stand-alone product for facilities not currently

using the ROI management software. RAC Tracker Online:

  • Facilitates data entry of patient demographics, services provided, etc;

  • Coordinates RAC processing workflow;

  • Organizes provider requirements, process summaries, error analyses and

    deadlines;

  • Captures requested documentation and RAC-related correspondence; and

  • Manages ROI, financial and RAC reporting.

With the ongoing expansion of the Centers for

Medicare & Medicaid Services (CMS) RAC

program to uncover improper Medicare payments

both overpayments and underpayments, we realized the emergent need for

tracking and reporting tools to effectively manage the entire RAC

request process at the provider level, said

CEO of MRO, Stephen Hynes.

Everything from submitting claim histories to

uploading medical records to filing appeals will be required under tight

deadlines. Organizations that cannot meet these deadlines are

automatically determined to have filed an incorrect claim, resulting in

extensive lost revenue. RAC Tracker Online prepares healthcare providers

to more efficiently manage RAC requests and identifies opportunities to

improve clinical and financial documentation

thereby avoiding future audits.

With RAC Tracker Online, the RAC request is logged into the system as a

normal ROI request and the healthcare provider uploads the requested

documentation for delivery to the RAC. Automatic RAC requests with no

required medical documentation can also be logged into the system for

reporting purposes. Once the RAC has reviewed the claim and medical

records, and made a determination as to whether there was any

overpayment or underpayment, the information is logged into the system.

If the provider does not agree with the decision, RAC Tracker Online

offers an automatic appeal letter generation capability, allowing the

systems user to quickly comply and meet

stated deadlines.

MRO will be conducting free Webinars throughout July and August to

introduce the features of RAC Tracker Online and discuss the new

capabilities that may be beneficial in this new environment.

About MRO Corp

MRO is the market leader of shared-service, release-of-information (ROI)

solutions for healthcare providers. By continually enhancing its

proprietary technology and utilizing the latest in software and document

capture systems, MRO provides simple, effective, and affordable ROI

solutions that integrate with daily workflow processes for both

paper-based and electronic record systems. For additional information,

visit MRO on the Web at www.mrocorp.com.

For MRO
Dodge Communications
Dave Anderson, 770-998-0500, ext.

229
[email protected]
or
MRO
Steve

Hynes, 610-994-7500, ext. 304
[email protected]

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Jordan Taylor

Jordan Taylor is Sr. Editor & writer from San Diego, CA. With over 20 years and 2650+ articles edited rest assured your Press Release will see traction.

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