Take a step-by-step approach to analyze bad debt
Health Care Auditing Strategies, February 1, 2008
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Editor's note: This is the first article in a two-part series about auditing and managing bad debt. This month, we explain CMS guidelines and offer you audit tips to use at your facility. In an upcoming month, we will explore bad-debt policies and documentation techniques.
Proper Medicare bad-debt management can produce significant funds for an organization, but lack of attention in this area can create major compliance headaches.
"Bad debt is the only dollar-for-dollar reimbursement in the Medicare cost report," says Jon P. Neustadter, partner at Hooper, Lundy & Bookman, Inc., in Los Angeles. "It is important for providers to review their collection efforts to make sure they are compliant and will pass muster during an audit."
Nobody wants to find out too late about poor documentation or allegations of inconsistent collection efforts.
This is an excerpt from a member only article. To read the article in its entirety, please login.
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