Assessments & Benchmarking Improves Medical Group Cash Flow
Poor cash flow, uncollected funds, the revenue cycle did not work well, that’s the situation. A multi-physician orthopedic practice was very busy, but the accounts receivables were building up! It was the type of situation all physicians really dislike: “I am not seeing the financial results of my efforts to provide patient care.”
Corporate Compliance Program at a Rural Hospital
The Corporate Compliance Program was in trouble! A small rural district hospital was faced with a crisis in its compliance activities and compliance staff.
The hospital undertook a review of their Corporate Compliance Program addressing specifically fair market value and commercial reasonableness of the Hospital’s agreements with physicians. In addition, urgent attention was needed to deal with the Compliance Manual, the Compliance Committee, audit and monitoring activities, Compliance Policies related to specific risk areas, Code of Ethical Conduct, and HIPAA.
With EHR technology being implemented, Health Reform just around the corner, and Meaningful Use criteria mandated, what else can there be? How about many more coding and billing auditing agencies…Read More