CBIZ's The RAC R4 Reports
With the rapid expansion of the Recovery Audit Contractors' (RAC) recoupments across the country, hospitals are feeling the sting of lost revenue. CBIZ KA Consulting Services' The RAC R4 Reports is a unique solution that mitigates RAC risk for hospitals and identifies potential revenue-generating accounts.
The RAC R4 Reports examine patient level data in the key RAC target areas of inpatient coding, medical necessity and outpatient automated denials.
Developed in 2008, the R4 (RAC Risk and Reward Reporting) is the solution for proactive hospitals to reduce RAC and compliance audit risk.
Emphasizing compliance and process improvement, the R4 has been used in over 160 hospitals across the country and has attainted Peer Review designation by the Healthcare Financial Management Association.
Customized Healthcare Solutions * Enhanced Operations * Experienced Service
CBIZ KA Consulting Services, LLC (CBIZ) has been assisting hospitals and healthcare systems with the intricacies of reimbursement since 1978. Throughout our history, we have focused on helping our clients navigate the complexity of both governmental and commercial-payment models with the dual goals of optimizing revenue and achieving compliance. Our extensive knowledge base and years of industry experience provide a blueprint for clinical decision making, data analysis and documentation — the backbone for a successful hospital or health system.
Our unique perspective on operations management puts us in the position to better identify, address and overcome the roadblocks that providers face in achieving appropriate payment and reimbursement. We do not just identify the problem; we provide solutions. We work with all stakeholders, including hospital administrators and directors, government regulators, commercial payors and patients, to improve our clients’ financial performance. We do not believe in a one-size-fits-all approach to consulting, offering instead a customized blending of products and services to fulfill the needs of our clients.
At CBIZ we assist our clients in identifying problems and fixing them. This approach has led to the development of long-term relationships with our clients, many of whom have continued to utilize our services for the last 34 years.
CBIZ Readmission Tool Featured by HFMA
The CBIZ Readmission Tool, which is part of the CBIZ Healthcare Reform Toolkit, is featured in HFM magazine. The Tool provides quantifiable readmission financial impacts for acute care hospitals. The tool can also be found on the HFMA.org Healthcare Reform Page. To find your facility's impact, click here. For more information about the CBIZ Healthcare Reform Toolkit, click here or contact us.
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