January 13, 2011 | Palo Alto, California: MetricStream, Inc., the market leader in the enterprise-wide Governance, Risk and Compliance (GRC) solutions, today announced that it has implemented its Recovery Audit Contractor (RAC) software solution at one of America's leading home health and hospice nursing companies. This initiative positions the healthcare organization to take advantage of the collaboration and workflow capabilities of the MetricStream GRC Platform to track and identify efforts and tasks related to its RAC audit program.
The mission of the Recovery Audit Contractor program is to reduce improper Medicare payments by reviewing the billing claims of hospitals and other healthcare organizations. MetricStream offers a comprehensive web-based RAC audits software solution and tools to help healthcare companies prepare for, navigate and manage the RAC audit process in a streamlined manner. MetricStream solution provides RAC coordinators powerful tools to prepare for pending audits, perform internal audits, drive issue management and track action plans to meet all federal requirements in order to comply with Medicare standards. MetricStream solution also assists in assessing the organizations risk and compliance status related to the RAC program as a part of its overall enterprise-wide GRC process.
This successful implementation is example of MetricStream’s integrated GRC approach which delivers value across the full spectrum of broad GRC requirements as well as industry specific regulatory requirements.
MetricStream is a market leader in enterprise-wide Governance, Risk, Compliance (GRC) and Quality Management Solutions. MetricStream solutions are used by leading global corporations in diverse industries such as Financial Services, Healthcare, Life Sciences, Energy and Utilities, Food, Retail, CPG, Government, Hi-tech and Manufacturing to manage their risk management programs, quality management processes, regulatory and industry-mandated compliance and other corporate governance initiatives. MetricStream’s customers include Procter & Gamble, UBS, Societe Generale, Pfizer, Philips, Cummins, Kellogg’s, Mondelez International, SanDisk, and NetApp. MetricStream also owns and operates the www.ComplianceOnline.com portal - the largest GRC advisory network and one of the largest GRC communities. MetricStream is headquartered in Palo Alto, California, USA (www.metricstream.com).