If the words “audit” make you break out in a cold sweat, we have good news. You can minimize your risk for a RAC audit by being proactive, knowing what can trigger an audit, knowing what the market is looking for, and digging into your organization’s data and comparing it to your peers to see if you are an outlier. Leveraging comparative analytics is the best place to start.
The best place to begin is with research of your internal data to determine what may trigger an audit. Research and identify ways to increase the transparency of your historical claims data. Comparative analytics can help you analyze large amounts of data to pinpoint potential problems so corrective action and preventative action can be prioritized based on risk.
To learn more about using comparative analytics to help reduce your chance of an RAC audit, check out our article in ADVANCE for Health Information Professionals, or contact us!