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The Hold Up on RAC Appeals

What would you do if a huge sum of money you’d earned was sitting in someone else’s bank account, and there was no way for you to get your money in the near term? We’ve been hearing from many hospitals that are worried about the Recovery Audit (RAC) appeals process being placed on hold. Hospitals are asking what will happen if the RAC audits begin before the appeals process is available again. This week H&HN posted a video interview titled, “Financial Planning in the Wake of RAC.” In the video, University of Kansas Hospital CEO Bob Page details how his organization has $22 million wrapped up in the RAC process. We encourage you to watch the video and learn more about the impact this can have on hospital operations. Is this issue a top concern for your organization?