Concerning costs, 53 percent of hospitals reported spending more than $10,000 managing the RAC process during the first quarter of 2015, 33 percent reported spending more than $25,000 and 7 percent reported spending more than $100,000.
Since the AHA began the RACTrac survey in January 2010, 2,559 hospitals have participated, and 872 hospitals provided information in the first quarter of 2015.
More articles on healthcare finance:
HFMA: 11 notes from the press room
How quickly will a hospital return a call about the price of an MRI?
8 recent hospital outlook and rating actions
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit