OIG continues review of hospital rebates
Healthcare Auditing Weekly, May 28, 2007
The OIG is continuing to review rebates paid to hospitals. In its most recently released audit report concerning rebates, it recommends that Staten Island University Hospital in New York revise and resubmit its 2003 Medicare cost report to reflect a $14,604 rebate reducing its healthcare costs.
The OIG further recommends the hospital consider performing a self-assessment of its internal controls to ensure that future vendor rebates are properly credited on its Medicare cost reports.
The objective of the OIG review was to determine whether Staten Island Hospital reduced costs reported on its fiscal years 2003 and 2004 Medicare cost reports by the $48,014 it received for two vendor rebates. The provider properly reduced its fiscal year 2004 Medicare cost report by $33,410 for one rebate. However, the provider did not reduce costs reported on its fiscal year 2003 cost report by the remaining $14,604 rebate.
Click here to view the audit, "Review of Vendor Rebates Paid to Hospitals - Staten Island University Hospital, Staten Island, New York (A-05-07-00055)."
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