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Every compliance officer knows “The OIG’s Seven Fundamental Elements of an Effective Compliance Program” and strives to place these elements at the core of their organization. Here's a review of The Seven Elements...they can be intimidating! Implementing written policies, procedures and standards of conduct. Designating a compliance officer and compliance committee. Conducting effective training and [...]
Medicare’s competitive bidding program has been delayed until 2021, with the possibility of the open window extending even longer than the next two years.
The U.S. healthcare industry loses billions every year due to fraud, abuse, and administrative waste. Here are five startling facts on healthcare fraud. 1. $225 billion of the $750 billion in healthcare spending was wasted on fraud, unnecessary services, and excessive administrative costs. According to researchers, in 2009 roughly 30 percent of the total healthcare [...]
The Current Dilemma with DME Documentation Needs Medical supply companies who provide all types of HME or DME products to patients face a slippery slope when it comes to compliance regulations. The regulations for documentation for proving necessity for an item can be rigorous and complex, and if not careful, suppliers can find themselves in [...]
“Hey _________ , order me more laundry detergent.” Fill in the blank with Google, Alexa, or Siri and experience the most efficient mode of technology to date in terms of purchasing items from the comfort of your home. The trend is common practice for most people and quickly becoming the new norm for shopping. All industries [...]
As most healthcare suppliers know, Medicare’s competitive bid for all Durable Medical Equipment, Prosthetics, Orthotics, & Supplies (DMEPOS) ended January 1, 2019. CMS expects a new competitive bid process will be completed and rolled out by December 31, 2020. This reprieve gives suppliers a two-year window to gain market share, maximize effectiveness, and improve workflows. [...]
