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PRACTICE MANAGEMENT CONSULTING:

Medical Accounting Corp. offers you the resources to advance your practice through business development and organizational maintenance. Beginning with a comprehensive needs assessment, Medical Accounting Corp. can assist you in developing, implementing, and maintaining a fluid business plan in addition to administrative procedures that can provide ongoing growth and enhanced profitability.

Whether you are just beginning or are looking for an evaluation of your current practice, our review of your practice architecture can make your vision a reality by identifying areas of opportunity, detailing key objectives, and creating the milestones necessary to maximize your practice’s potential. For list and details of Practice Management Services >>

COMPLIANCE PLANNING:   << BACK TO MEDICAL BILLING PROCESS

A compliance plan is an essential risk management tool as it serves to ensure that all aspects of your practice are kept compliant with all government regulations. The Office of the Inspector General (OIG) and the United States Attorney General seek out fraud and abuse and provide for the coordination of federal, state, and local law enforcement activities for investigative purposes.


It is important that physicians fully understand that federal laws expressly state that no proof or specific intent to defraud is required and that ignorance of these laws is no defense and can result in civil monetary penalties. Commonplace mistakes that frequently occur in medical practices, such as coding errors, the use of outdated codes or exposing Protected Health Information (PHI) is a violation of one or both of these statues.

Because anesthesiology is lucrative, it is one of the investigative targets on the OIG’s list. Remember, the ultimate responsibility lies with the physician and the physician is responsible for any errors in billing; not your office staff nor employees of your billing service.

HIPAA: MORE ABOUT HIPAA >>

HIPAA
is the single most significant piece of Federal legislation affecting the health care industry since the creation of the Medicare and Medicaid programs in 1965.

Title I of the Act improves the portability and continuity of health insurance coverage for millions of American workers and their families.

Title II provides for administrative simplification that requires the development of standards for the electronic exchange of health care information. Administrative simplification also requires rules to protect the privacy of personal health information and the establishment of security requirements to protect that information and the development of standard identifiers.

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Medical Accounting Corp.
200 Industrial Parkway . Chagrin Falls . Ohio . 44022
Toll Free: (800) 770-3314     Email: info@medical-accounting.com