This week's note from the instructor looks as how to use E/M risk assessments as part of a strategy to measure the level of compliance with laws, regulations, and internal policies and procedures.
Automating claim transaction saved the healthcare providers, including medical and dental providers, and payers $122 billion in 2019–2020 and moving to fully electronic transactions could yield an additional $16.3 billion in savings, according to the Council for Affordable Quality Healthcare Inc. 2020 Index.
This week’s Medicare updates include new items added to the OIG work plan, a download link for HCPCS codes which are excepted from the lab date of service policy, a new program instruction sheet for monoclonal antibodies used to treat COVID-19, and more!
Regular monitoring and internal auditing are critical to ensure compliance throughout the revenue cycle and protect revenue integrity. Consider the different strategies that can be applied to documentation and chart audits, coding audits, and more.
Q: Do companies such as FitBit (and others that sell wearable devices that track and store health information) need to abide by HIPAA regulations? Should I be concerned with how these companies are viewing and sharing my health information?
