Concerning costs, 43 percent of hospitals reported spending more than $10,000 managing the RAC process during the third quarter of 2016, 24 percent reported spending more than $25,000 and 4 percent spent more than $100,000.
Since the AHA began the RACTrac survey in January 2010, 2,580 hospitals have participated, and 683 hospitals provided information in the third quarter of 2016.
More articles on revenue cycle management:
Health Affairs: NJ out-of-network rate cap would impact very few hospitals
Texas hospital abruptly closes after failing to make payroll
Nearly half of cancer patients report higher out-of-pocket costs than expected: 9 survey findings
