Intersect Healthcare’s VERACITY™ Application Now Compatible with the AHA RACTrac Initiative (Jan. 2010)

Press Release: Intersect Healthcare’s VERACITY™ Application Now Compatible with the AHA

BALTIMORE, MD – January 26, 2010 – Intersect Healthcare, the leading provider of healthcare data management, analytics, decision-support, and process automation solutions to healthcare provider organizations, today announced that VERACITY™, Intersect Healthcare’s all-payer audit and compliance management software is compatible with the American Hospital Association’s (AHA) RACTrac survey.

 “Intersect Healthcare continues to play a key role in assisting hospital and health systems through the Recovery Audit Contractor (RAC) program and is working with national associations like the AHA to make the data collection process more fluid,” said Brian McGraw, CEO. “This advanced compatibility provides our hospital customers the ability to convey RAC reporting and transactions directly to the AHA on a quarterly basis – paving the way for better awareness and advocacy in the future.”

 VERACITY™ is a comprehensive all-payer audit and compliance management system that coordinates the inner workings of the RAC Response Team within a hospital. VERACITY™ provides critical support for an integrated, automated and thorough RAC case flow and response process.

 AHA developed the RACTrac web-based survey in an effort to collect RAC information from America’s hospitals on a quarterly basis. Data collection begins in January for organizations that experienced RAC activity in 2009 and will be expanded as RAC activity ramps up throughout 2010. RACTrac will allow the AHA to identify trends in reasons for denials across regions and at the national level. This information will then be used to educate the field, CMS and Congress on necessary changes needed to the program.