Panacea Healthcare Solutions, LLC today announced that after months of research and due diligence they have chosen to offer H.I.M. ON CALL's RAConciliation™ solution as the exclusive RAC Tracking and Denial Management module at Panacea's popular RACAuditor.com web site.
With the implementation of the Federal Governments' Recovery Audit Contractor (RAC) program nationwide wherein hospitals face significant risk to revenues and profit margins due to a very complex appeals processes with stiff penalties, Hospitals will have to respond with precision in a short period of time to the many request of information and denial letters received from the RACs, while dealing with one of the most complex protocols ever designed to recover overpayments. As a result, Hospitals and Providers will need to have in place the right application tool to monitor all aspects of the process.
"Our vision for RACAuditor.com since its launch in 2008 has been to offer a comprehensive suite of 'Best in Class' services that hospitals can trust to meet their RAC data mining, tracking, process improvement, appeal support and other related consulting needs. H.I.M. ON CALL's RAConciliation meets this standard hands down. RACAuditor.com's new RAConciliation module offers the industry's most comprehensive set of features on a most contemporary technology platform, for a competitive price. RAConciliation is a new module built on a solid and proven platform in use by H.I.M. ON CALL's DocuXP clients for years. The coding and compliance experience, reputation and financial stability of H.I.M. ON CALL also weighed heavily on our decision to offer this innovative solution at this time," said Frederick Stodolak, CEO of Panacea.