Perform Annual Contract Audits to Remain in Compliance

Though physician contract audits can be labor-intensive, they are extremely important to staying in compliance.

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In progressive organizations, physician contract audits are built into compliance programs and a part of everyday processes. However, they are extremely labor intensive and much of the work cannot be automated. Furthermore, these types of audits typically involve several parts of the organization and collaboration between the two.

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In order to ensure that payments to physicians were in accordance with their agreement, auditors must work with finance, legal, and compliance. Despite all the time committed to these audits, they are worth it. Discovering that physicians are being paid more than their contract stipulates, or that FMV documentation for a contract doesn’t exist means that you can correct the error quickly instead of years down the road.

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