RAC Audit definition

RAC Audit means an audit conducted by CMS under its Recovery Audit Program.
Sample 1
RAC Audit means an audit conducted by a Recovery Audit Contractor (“RAC”) for the Centers for Medicare & Medicaid Services.
Sample 1

Examples of RAC Audit in a sentence

  • The new Medicaid Recovery Audit Contractor (RAC) Audit program required by CMS under the Affordable Care Act is not working in Alaska.

  • The MFCU will share the list with the Office of the Inspector General of the U.S. Department of Health and Human Services’ partner to determine whether OIG also wants to prohibit RAC Audit of certain Providers.

  • If the RAC receives a written appeal request it shall forward it to the DHCS RAC Audit Coordinator within one business day of receipt.

  • If the RAC attempts an onsite visit and the provider refuses to allow access to their facility, the RAC must contact DHCS RAC Audit Coordinator immediately.

  • This risk process is reviewed regularly and written reports are submitted to the Risk Advisory Committee (RAC), Audit Committee and the Board of Directors highlighting the significant business risks identified together with the controls in place to manage these risks.

  • Although issued prior to ASC 606 (and thus refers to ASC 605 and ASC 954-605 revenue recognition language), the nonauthoritative Healthcare Financial Management Association Principles & Practices Board Issue analysis, Accounting For RAC Audit Adjustments and Exposures1 provides helpful context and commentary on accounting issues associated with RAC audits.

  • Cross-reference to where each of the items in 11.a—11.c above is reflected in the current base rate case filing.

  • The sentence of death shall be carried out on the 13th day of March, 2012, unless otherwise ordered by this Court or other proper authority.

  • The primary point of contact for the RAC shall be the DHCS RAC Audit Coordinator or his/her delegate.

  • Requiring bonding and/or strengthening state seizure law could increase the State’s ability to recover funds found to be paid for fraudulent claims.6. The new Medicaid Recovery Audit Contractor (RAC) Audit program required by CMS under the Affordable Care Act is not working in Alaska.

Related to RAC Audit

  • Independent Auditor has the meaning specified in subsection 7.01(a).

  • Audit means the examination of a person or the inspection of the books, records, memoranda, or accounts of a person, ordered to appear before the Tax Administrator, for the purpose of determining liability for a municipal income tax.

  • Single Audit means an audit that includes an examination of an organization's financial statements, internal controls, and compliance with the requirements of Federal or State awards.

  • Independent Auditors has the meaning set forth in Section 3.2.

  • Neutral Auditor means Ernst & Young or, if Ernst & Young is unable to serve, an impartial nationally recognized firm of independent certified public accountants other than Seller’s accountants or Purchaser’s accountants, mutually agreed to by Purchaser and Seller.

  • Energy audit means a systematic procedure with the purpose of obtaining adequate knowledge of the existing energy consumption profile of a building or group of buildings, an industrial or commercial operation or installation or a private or public service, identifying and quantifying cost-effective energy savings opportunities, and reporting the findings;

  • Approved Auditor means a person who is:

  • non-audit services means services other than audit services;

  • Initial Audit is Bank’s inspection of Borrower’s Accounts, the Collateral, and Borrower’s Books, with results satisfactory to Bank in its sole and absolute discretion.

  • Company’s Auditors means an independent firm of accountants duly appointed as auditors of the Company;

  • the Auditors means the auditors from time to time of the company or, in the case of joint auditors, any one of them;

  • qualified auditor means a person who is qualified to be appointed as an auditor under section 198;

  • conformity assessment body means a body that performs conformity assessment activities including calibration, testing, certification and inspection;

  • Audits means the audits and reviews carried out by the Bank or the Bank’s auditors, experts and insurers, as the case may be in accordance with the terms and conditions set out in Section 18.

  • Independent Accountant has the meaning set forth in Section 2.04(c)(iii).

  • cost accountant means a cost accountant as defined in clause (b) of sub-section (1) of section 2 of the Cost and Works Accountants Act, 1959 (23 of 1959) and who has obtained a certificate of practice under sub-section (1) of section 6 of that Act;

  • Performance audit means an objective and systematic assessment of a state agency or agencies or any of their programs, functions, or activities by the state auditor or designee in order to help improve agency efficiency, effectiveness, and accountability. Performance audits include economy and efficiency audits and program audits.

  • Independent Accounting Firm means such nationally recognized, independent accounting firm as is mutually appointed by Seller and Purchaser for purposes of this Agreement.

  • Compliance Audit means the procedure (in a form advised by the GLA from time to time) by which an auditor independent of the Grant Recipient certifies (at the Grant Recipient's cost) whether the Named Projects developed or Rehabilitated pursuant to this Agreement satisfy the GLA's procedural compliance requirements (as described in the Affordable Housing Capital Funding Guide);

  • Tax Audit means any audit, assessment, or other examination relating to Taxes by any Tax Authority or any judicial or administrative proceedings relating to Taxes.

  • County Auditor means the Greenville County Auditor, or the person holding any successor office of the County.

  • Annual Accountant’s Report is defined in Section 3.04(a) of the Servicing Agreement.

  • Environmental Audit means a Phase One environmental site assessment (the scope and performance of which meets or exceeds ASTM Standard Practice E1527-93 Standard Practice for Environmental Site Assessments: Phase One Environmental Site Assessment Process) of the Property, and, if called for by the Phase One assessment, a Phase Two environmental site assessment.

  • Independent Engineering Report means a report, in form and substance satisfactory to the Administrative Agent and each of the Lenders, prepared by an Independent Engineer, addressed to the Administrative Agent and the Lenders with respect to the Oil and Gas Properties owned by the Borrower or its Subsidiaries (or to be acquired by the Borrower or any of its Subsidiaries, as applicable) which are or are to be included in the Borrowing Base, which report shall (a) specify the location, quantity, and type of the estimated Proven Reserves attributable to such Oil and Gas Properties, (b) contain a projection of the rate of production of such Oil and Gas Properties, (c) contain an estimate of the net operating revenues to be derived from the production and sale of Hydrocarbons from such Proven Reserves based on product price and cost escalation assumptions specified by the Administrative Agent and the Lenders, and (d) contain such other information as is customarily obtained from and provided in such reports or is otherwise reasonably requested by the Administrative Agent or any Lender.

  • Auditor means the person for the time being performing the duties of auditor of the Company (if any).

  • Independent Engineer means XxXxxxxx and XxxXxxxxxxx or any other third party engineering firm acceptable to the Administrative Agent in its sole discretion.