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Claims Auditor Solution from Compliance 360 Earns ‘RACTrac Compatible’ Status from American Hospital Association
Atlanta, GA. – December 1, 2009 – Compliance 360, a leading provider of Software-as-a-Service (SaaS) solutions for enterprise governance, risk management and compliance (eGRC) announced today that the Compliance 360 Claims Auditor has achieved the designation of ‘RACTrac Compatible’ from the American Hospital Association (AHA). During the past 12 months, the Compliance 360 Claims Auditor has been licensed for use in over 500 healthcare facilities including more than 250 hospitals nationwide. The Compliance 360 Claims Auditor helps healthcare providers take control of medical claims audits and appeals, and protect their legitimate revenues from recoupment. With a sophisticated workflow engine, healthcare providers can manage the complexity of multiple, simultaneous Recovery Audit Contractor (RAC) Audits to ensure that due dates are not missed. Serving as the “Virtual RAC Coordinator”, the Claims Auditor automatically manages each step in the RAC process, allowing key personnel to concentrate on high-risk areas and monitor the overall RAC response program. The Claims Auditor also serves as the claims audit system of record, enabling healthcare providers to establish a common point of control for managing all claims audits such as RAC, MIC, MAC, CERT, PERM, ZPIC and commercial payor audits. Hospitals participating in the AHA RACTrac program will provide data from their RAC audits to AHA on a quarterly basis. AHA will use the data to identify regional and national trends in claims denials and appeals. This information will also be used to educate healthcare providers, the Center for Medicare and Medicaid Services (CMS) and Congress on the true impact of RAC audits on the healthcare industry and changes needed to the RAC program. The ‘RACTrac Compatible’ designation certifies that hospitals using the Compliance 360 Claims Auditor can automate the process of providing their quarterly data extracts to AHA. “Our recent EHR Integrated™ designation underscores our continued commitment to help hospitals in achieving greater process efficiencies, accuracy and effectiveness during a time of increased scrutiny by auditing bodies,” states Thomas Stitt, Vice President of Business Development for Compliance 360. “Given the labor-intensive and long-term nature of managing and appealing payor denials, we are pleased to work with EHR to help hospitals streamline this process so that their focus can be on the hospital’s primary mission of delivering quality healthcare.” “As the healthcare industry’s leading software solution for managing RAC audits, we are proud to add the AHA RACTrac Compatible certification to our list of credits,” said Debbie Luyk, Director of Product Management for Compliance 360. “We are also very proud to be chosen by so many healthcare providers that are seeking leading-edge tools to help protect their legitimate revenues from recoupment during these unprecedented industry challenges.” About Compliance 360 for Healthcare
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