CDMAuditor.com NEWS

Jim Russell, Former KPMG Revenue Cycle Management Expert, Joins Panacea Healthcare Solutions

TAMPA, FLORIDA - March 5, 2009 - Panacea Healthcare Solutions, LLC, based in Tampa, Florida announced today that Jim Russell has joined the firm to help respond to the increasing demand by hospitals and its business partners for the company's hospital accounts receivable management and revenue cycle management services. Jim has more than three decades of experience in all aspects of healthcare accounts receivable and revenue cycle management.

Mr. Stodolak, CEO of Panacea Healthcare Solutions stated, "I have known Jim for more than two decades and he has consistently impressed me with his maturity, professionalism and contemporary knowledge of hospital accounts receivable and revenue cycle billing, coding, reimbursement, information systems, compliance and other related issues.  Panacea will be able to provide Jim's current clients with an expanded scope of services and resources while at the same time Jim's expertise will expand Panacea's internal knowledge base. Additionally, we are looking forward to Jim's involvement in a number of projects underway at Panacea including the roll-out of a new Business Intelligence Dashboard and Denial Tracking systems for its hospital clients."

Mr. Russell will work out of Panacea's Red Bank, New Jersey location.

ABOUT PANACEA

Panacea Healthcare Solutions, LLC with offices in Florida and New Jersey, provides expert financial and information technology advice and systems to healthcare providers, payers, and software companies.

CONTACT INFORMATION

Frederick Stodolak, CEO Panacea Healthcare Solutions, LLC
Telephone:  (863) 450-3233 x703
Email:  fstodolak@panaceahealthsolutions.com
Web site:   www.PanaceaHealthSolutions.com

CMS Delays Permanent RAC Program 

The Centers for Medicare & Medicaid Services announced a delay in the national, permanent RAC implementation due to a protest filed by two vendors who were not selected as part of the permanent RAC program.   The protests were filed with the GAO by vendors who were not selected as RACs.  The progress of the protests can be tracked on the GAO website: http://www.gao.gov/decision/docket

This does NOT mean that the program is being stopped or eliminated.   All of your plans for preparing for the RAC program and its audits are still valid and necessary.

CMS Announces New Recovery Audit Contractors to Help Identify Improper Medicare Payments 

WASHINGTON, DC -- October 6, 2008 --- The Centers for Medicare & Medicaid Services (CMS) has taken the next steps in the agency’s comprehensive efforts to identify improper Medicare payments and fight fraud, waste and abuse in the Medicare program by awarding contracts to four permanent Recovery Audit Contractors (RACs) designed to guard the Medicare Trust Fund.    Read on...