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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.
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 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 mission of RAC?
Mission Statement RAC is a Washington DC-based non-profit organization that helps promote health care quality through the accreditation of organizations involved in medical care services, as well as by offering education and measurement programs.
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.
How much does it cost to get Joint Commission accreditation?
Accreditation fees include an on-site survey fee and annual fee, both based upon your average daily census and services provided. The average accreditation annual fee for an organization serving approximately 100 patients or residents each day is $2300.
How long does it take to get accredited by the Joint Commission?
How long is an accreditation and certification award? Accreditation is awarded for three years, except for laboratory accreditation, which is awarded for two years. Joint Commission Disease-Specific Care Certification and Health Care Staffing Services Certification are awarded for two years.
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