Acronym attack? Tips to survive the new MAC/RAC world
Laboratory Compliance Insider, January 1, 2009
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The October 2009 transition of fee-for-service administration from fiscal intermediaries (FI) to new entities known as Medicare administrative contractors (MAC) could mean potential difficulties for labs that aren’t aware of their MAC’s requirements and have not taken steps to improve their compliance programs, says Frank Mesaros, senior manager at Parente Randolph, LLC, in Mechanicsburg, PA.
MACs will assume responsibility for processing all Medicare Part A and B fee-for-service benefits, as mandated in the Medicare Prescription Drug, Improvement and Modernization Act of 2003. The replacement of FIs with MACs will reduce the number of contractors from 48 to 23.
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