What is the best way to avoid healthcare violations? Design a Medical Compliance Program. These are simply a set of effective internal controls to ensure guidelines, regulations and laws affecting the organization are followed. They are meant to encourage a culture that fosters prevention, detection, and a resolution of conduct that is outside the established … Continue reading Medical Compliance Programs
The healthcare industry is highly susceptible to fraud, partly due to the type of information available to numerous parties. Let’s say, for example, you go to the doctor for a check-up. The doctor finds something that needs to be checked out, so he sends you for an X-ray and sonogram, and they find something that … Continue reading Combat Healthcare Fraud at the Patient Level – How Patients Can Help
According to the 2016 Report to the Nations on Occupational Fraud and Abuse, the healthcare industry ranks as #5 out of 23 types of victim organizations for fraud, with a median loss of $120,000. Most violations, including fraud, are discovered via a whistleblower or anonymous reporting program. The second most common discovery method is management … Continue reading Can Your Organization Afford Healthcare Violations?
Prevention is key to reducing losses due to medical collections credit card fraud. We hear it every day – someone gave their credit card information to pay a bill and the next day their account is hit with fraudulent charges. What can you do about it? Do you have time to monitor your staff that … Continue reading Six Tips to Prevent Medical Collections Credit Card Fraud
No one knows your medical practice better than you do, right? Your staff files the claims, collects from insurance, and follows up after insurance collections. But are you getting the maximum return on your collection efforts? Partnering with a medical billing company may be a good option for you. Consider both sides of the situation. … Continue reading Should Your Medical Practice Consider Partnering With A Medical Billing Company?
As a percentage of GDP, almost 20% expenditures are for national health spending. The Patient Protection and Affordable Care Act have increased that rate because most Americans are now shelling out the bucks for healthcare. What happens when people are spending large amounts of their income on one item many don’t feel they need? FRAUD. … Continue reading Fraud Corner – Inflated Billings
July 18, 2016, Dallas, TX – Hospital Receivables Service, Inc. is proud to announce and welcome Kerry Jackson as the company’s Director of Sales. Kerry will be responsible for driving revenue through new client sales, maintaining current client relationships and providing team leadership. Kerry Jackson comes to HRS with 15 years of experience in supporting … Continue reading Kerry Jackson Joins the HRS Team
One of the biggest challenges for hospitals and medical providers today is the average number of days that outstanding invoices remain on their accounts receivable. The level of precision required to be paid in a timely manner nearly exceeds the level of precision required for effective and caring patient care. There are never enough hours … Continue reading Earlier Patient Billing Diffuses Patient Frustration