Top 10 RAC Issues

A recent article at PhysiansNews.com lists the top 10 issues from federal audits.

Interesting as the #1 issue is: lack of response to the  for Additional Documentation Request.

Lack of response!

When you get a RAC Envolope in the mail, the clock is ticking and you better get things moving.

Your best bet is to be extremely organized…this really is the best strategy.

Why?

Let’s say you have all of the evidence in the world that you did everything 100% correct.

If you are late by one day on any deadline, YOU LOSE!

It is extremely important to have a system in place to deal with these audits.

No system = losing money.

RAC Envelope Panic

You know how your heart skips a beat when you receive an envelope from the IRS?

That same hot flash of panic will hit you when you receive an envelope from a RAC.

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What do you do now?

  1. Open the envelope – you clock is ticking whether you open the envelope or not.
  2. Input all of the pertinent information into your RAC Tracker
  3. Get back to work.