Hospital
and physician providers are tasked with reducing Medicare
denials while improving compliance. Unfortunately understanding
Medicare medical necessity is a daunting chore due to voluminous,
complex, constantly changing policies and regulations. Local
medical review policies, or LMRPs, which determine medical
necessity rules, can contain over a half million reimbursable
code combinations! Many providers are overwhelmed with trying
to understand the medical necessity process and are intimidated
by selecting an appropriate solution that will meet their
particular needs. As a result, providers are losing $100,000s
to $1,000,000s of dollars in denials.
At recent engagements, Provistas found:
- A North Dakota referral center reported losing over $670,000 per year due to medical necessity losses
- Another hospital in the Midwest reported losing $100,000 per year for a single prostate screening test before recognizing their need to implement an Advance Beneficiary Notice (ABN) and properly identify diagnostic and screening tests
- A Northeast hospital demonstrated a $2 million loss in Medicare receivables over three years despite the fact that they were utilizing a back-end software solution
Provistas will identify the compliance solution that best
meets your facility's needs and workflow. Provistas products
and services will ensure that you will be compliant, receive
full and proper reimbursement, and keep pace with the constant
regulatory changes.
The Feds are getting tougher on fraud. The US Department
of Justice reported that 2001 was a record year for reclaiming
Federal funds obtained by fraud. Of the $1.6 billion recouped,
seventy-five percent was healthcare related. Until now Medicare
providers believed they had to choose between compliance
and reimbursement. But Provistas products and services show
that Compliance Pays™!
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