The letter every HIM director expects eventually…and the one that we can help make every Finance director rub their hands over.
AIMVault’s RAC can help your healthcare organization to organise and streamline your RAC request process, or help provide a suitable framework to develop one within.
We can help you to maximize the twelve cent per page RAC record allowance with our specialized RAC request tools which handle assembly, tracking & management and preparation of electronic RAC submissions with a minimum of impact on your HIM resources. (Complete medical record assembled…fed back into AIMVault/ERMS…building an electronic library of complete medical records…as defined by client (e.g. billing/qcpr/etc….)
Our online RAC tools allow you to manage the assembly of completed requests from a variety of sources including your on-site paper, electronic & digital media and even stored records. Track the collation process online and even allow secured access to ROI vendors, all without any additional resource involvement.
AIMVault’s RAC turns the arduous process of assembling RAC submissions into a simple, streamlined electronic one, where you maintain complete auditability of not only your submissions, but the entire stream of the RAC review process with separate correspondence trails and monitoring of the MS-DRG’s being audited. This, in combination with MPI data, provides rejection trend analysis and allows you to not only more accurately target effort and costs in challenging rejections, but also helps to target persistent coding errors and areas where improvements can result in a significant reduction in claim rejections. Further, for many of our clients, the .12 cent per-image reimbursement cost can actually become a profit-center in terms of RAC request processing, helping to offset the overall cost burden of compliance.
RAC Manager is unique in the product market because it not only tracks and manages RAC submissions, but it does this while tying the entire process to version-controlled medical record images so it is fully integrated with your ERMS, allowing you to be completely in touch with the RAC process, providing the utmost of flexibility in terms of how internal processes are managed with regards to ROI vendors, business and finance offices and legal departments.
Contact AIMVault today to arrange for an on-site demonstration of our entire suite of RAC and audit management products