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Where Hospice Compliance Meets Revenue Cycle Management
Amidst escalating regulatory scrutiny of hospice expenditure, it becomes imperative for providers to understand the intricate relationship between revenue cycle management (RCM) and compliance. A wave of regulatory actions has recently surged, typified by the U.S. Department of Health & Human Services (HHS) Office of the Inspector General (OIG) initiating a national audit of general inpatient hospice services (GIP) due to substantial instances of improper billing practices. Simultaneously, the U.S. Centers for Medicare & Medicaid Services (CMS) intensifies its scrutiny of prolonged stays and elevated care levels, prompting numerous audit initiatives for the recovery of Medicare funds. Zaundra Ellis, Vice President of Hospice Professional Services at Axxess, underscores the external pressures encumbering providers. The increasing focus on hospice billing and claims exacerbates financial challenges, necessitating judicious billing practices and harmonization of claims data amid the escalating costs associated with Medicare hospice services.
Medigy Insights
Amidst heightened regulatory oversight of hospice expenditures, perceiving the intricate relationship between revenue cycle management (RCM) and compliance emerges as a crucial concern for providers. Regulatory vigor is evident through the U.S. Department of Health & Human Services (HHS) Office of the Inspector General's (OIG) nationwide audit of general inpatient hospice services (GIP), targeting erroneous billing. Simultaneously, U.S. Centers for Medicare & Medicaid Services (CMS) intensifies scrutiny on extended stays and heightened care levels, prompting various audit initiatives for Medicare fund recuperation. External pressures on providers, emphasized by Zaundra Ellis, Axxess' VP of hospice professional services, spotlight the mounting importance of hospice billing precision and claims data synchronization amidst escalating Medicare hospice costs.
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