You have seen the many statistics indicating that healthcare costs are rising and continue to rise. Many of you have probably felt this first hand, by way of increases in premiums for your health insurance and/or the increase in patient responsibility for medications.
1) What is the purpose of RAC and what does their success rate look like in recovering reimbursed funds, from what they feel are unnecessary procedures or tests occurring in the healthcare industry?
2) Through the RAC audits, what is Medicare attempting to do to control excessive billing and other possibly fraudulent events from occurring in the healthcare industry?
PLEASE IN YOUR OWN WORDS Be sure to clearly define equity in your own terms and use this to support your statements.