OIG reviews vendor rebate to Illinois hospital
Healthcare Auditing Weekly, September 4, 2007
The OIG is continuing its review of vendor rebates paid to hospitals that it outlined in the 2007 Work Plan.
The OIG's latest review found that an Illinois hospital incorrectly reported part of a vendor rebate.
In 2003, Option Care, Inc., received a $173,805 rebate from a vendor. The OIG found the provider properly reduced its cost of goods sold by 75 percent of the rebate ($130,354). However, the provider recorded the remaining 25 percent ($43,451) as revenue, rather than as a credit to reduce its healthcare costs.
The OIG recommended Option revise and resubmit its 2003 Medicare cost report and consider reviewing its internal controls.
Click here to read the full report.
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