Recently, Sally Yates became a household name when, as acting U.S. Attorney General, she announced that the Department of Justice (DOJ) would not defend President Trump’s immigration and refugee ban. For healthcare industry insiders, Yates should be better known for a memo drafted in September 2015. Originally directed at the financial sector, these instructions have had a significant impact on the healthcare community and should be fully understood for both their corporate effect and individual applicability.
In today’s healthcare environment, it is imperative to ensure your medical practice performs its billing and coding function at the highest level possible.
When reviewing claims in the practice management system, you notice many claims have been paid at 100 percent of the practice’s fee schedule. Further review shows the practice’s fee schedule has not been updated in the past few years, and the current fee schedule is less than the Medicare allowables. Your research also shows the practice has been losing revenue for the past few years because it has been undercharging for its services.
Are you leaving money on the exam table? Many providers are performing additional services at the patient’s request during the preventive examination and not taking credit for their work.
Firstly, there are two types of fraud: 1) fraudulent financial reporting, usually orchestrated by upper management, involves misrepresenting financial results in the form of falsifying transactions or intentionally misusing accounting methods, and 2) misappropriation of assets, in which...
Online and off-line data security continues to challenge large and small businesses, costing companies money – real money. Unlike consumer fraud protection, businesses do not enjoy the same protection when they experience fraud on their commercial bank accounts. It’s critical that businesses know their liability and responsibility when dealing with cyber fraud.
Providing adolescent and general gynecology, infertility solutions, cancer treatment, urogynecologic services, and care for healthy and high-risk pregnancies, the UT Medicine Obstetrics and Gynecology practice is equipped to meet women’s health needs at all stages of life.
Want to simplify the relocation process? Hire a real estate relocation expert! Relocation experts take care of the fussy but necessary evils of moving so your prospective physicians can focus on the excitement and promise of a new career in a new city.
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