Each year CMS selects 30 plans for RADV (Risk Adjustment Data Validation) audits to confirm that the documented diagnoses in their member's medical records match the Hierarchical Condition Category (HCC) codes insurers submitted to Medicare for payment.
Medicare Advantage (MA) health plans are reimbursed based on their beneficiaries’ documented chronic conditions. Elevated risk scores can garner higher reimbursements, but overestimating risk scores may result in costly penalties if found during an audit.
As regulators increase the frequency and scope of Risk Adjustment audits, health plans must engage in a proactive approach to RADV audits. To avoid penalties, MA organizations should reevaluate their risk adjustment practices uncovering problematic processes and gaps.
Mock RADV Audits
The risk is too high to rely on current processes to mitigate the risk of adverse findings from a Medicare RADV audit. Many payer organizations now complete periodic mock RADV audits to help discover where they are at risk. The investments in time and resources to address these issues will improve risk adjustment accuracy and minimize potentially catastrophic financial penalties.
Impresiv Health’s Mock RADV Audit Checklist can help you get started on your journey to better documentation compliance. Based on the checklists used by CMS auditors, Impresiv Health’s tool focuses on the prime areas of noncompliance and coding errors.
Top 10 Medicare Risk Adjustment Coding Errors
(www.aapc.com)
Download Impresiv Health's Free Mock RADV Audit Checklist
Help your organization become compliant and prepared with Impresiv Health's free Mock RADV Audit Checklist.
Learn More About Impresiv Health's Clinical Services
Never Miss Another Impresiv Health Blog
Sign up for our monthly newsletter to get the latest news, blogs, tips, and thought leadership from Impresiv Health.