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 [...]
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 [...]
