Spray large nonstick skillet or Dutch oven with nonstick cooking spray. Heat over medium-high heat until hot. Add sausage and chicken; cook and stir 5 to 8 minutes or until chicken is no longer pink.
Add salsa, rice and water; mix well. Bring to a boil. Reduce heat; cover and simmer 5 to 10 minutes or until rice is tender. If desired, add salt and pepper to taste. Serve with hot pepper sauce.