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What does it mean to be RAC accredited?
According to RAC, accreditation is defined as an “evaluative, rigorous, transparent, and comprehensive process in which a healthcare organization undergoes an examination of its systems, processes, and performance by an impartial external organization to ensure that it is conducting business in a manner that meets
What does RAC mean?
What does RAC stand for? RAC was originally incorporated under the name Utilization Review Accreditation Commission. That name was shortened to the acronym RAC in 1996 when we began accrediting other types of organizations such as health plans, pharmacies, and provider organizations.
What is the RAC?
Founded in 1990, the Utilization Review Accreditation Commission (RAC) is a Washington DC-based healthcare accrediting organization that establishes quality standards for the entire healthcare industry. This makes RAC a leader in promoting healthcare quality.
What is the RAC accreditation process?
The website states that it “usually takes four to six months to complete an accreditation review once RAC receives your completed application”. Accreditation standards for RAC programs are developed by independent experts, relying on advisory committees of experts in health care delivery.
What is the difference between RAC and NCAA?
Accreditation provides an impartial opinion on a health plan's quality. RAC or NCAA accredit a health plan when it has been determined its practices meet national standards. An accredited health plan has received the accreditation organization's seal of approval, showing it meets national quality standards.
What are NCAA requirements?
What are Health Plan Accreditation requirements? NCAA requirements are a roadmap for improvement organizations use them to perform a gap analysis and align improvement activities with areas that are most important to states and employers, such as network adequacy and consumer protection.
How much does RAC accreditation cost?
The base cost is $27,000 for a two-year health plan accreditation, says Annette C. Duclos-Watson, senior vice president at RAC. That includes an accreditation workshop that insurers attend before submitting an application, which is designed to cut down on consulting fees.
How much does it cost to be accredited by the Joint Commission?
Costs. TJC accreditation typically makes up 10-15% of the annual fees a hospital pays for a financial audit, and the surveying process can cost somewhere in the ballpark of $10,000-$45,000.
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