CareMedic introduces tool to manage RAC process

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CareMedic Systems, a financial management company for hospitals and providers, has launched a new solution to help hospitals prepare for, track and manage  Medicare’s recovery audit contractor (RAC) process.

The St. Petersburg, Fla.-based CareMedic said its RAC Management works in combination with the capabilities of its MedicareRT direct entry solution and offers new functionalities, including new claim edits, addressing known RAC audit targets. Staff can use data mining tools to gain visibility into audit exposure, along with reporting, detailed analysis and tracking tools to manage the audit process.

The company said its dashboard provides chief financial officers a consolidated view of all claims involved in the audit and features subscription-based pricing and web-based hosting.