Set and Beat Your Benchmarks
See how your compliance program stacks up against your peers and learn new strategies to increase the effectiveness of what you’re already doing.
Achieving an effective ethics and compliance program requires more than simply adding rules and additional layers of controls. There must be an integrated effort that aligns financial and compliance requirements with the organization’s mission and values. The steps you take as a compliance professional should not be in isolation of your organization’s larger business objectives but in support of them.
Along with aligning with organizational goals, your compliance program can compound its impact by focusing on industry best practices that maximize efforts. This section will highlight the latest best practices in the use of technology, program automation and industry benchmarks to amplify the impact of key compliance program elements.
Get familiar with the healthcare services revenue cycle and learn how you can apply similar safeguards to protect revenues and standardize payment collection controls across your organization.
"If you can't protect it, don't collect it!"
Get familiar with the healthcare services revenue cycle and learn how you can apply similar safeguards to protect revenues and standardize payment collection controls across your organization.
"If you can't protect it, don't collect it!"
Payment collections are the beginning of the revenue cycle. Some may view this as a no brainer or immaterial subject matter. However, have you ever looked at your total cash, credit card, and check collections? Have you compared that monetary value versus how much you bill out; due to not collecting co-pays or not being set-up to collect payments when patients can pay right now?
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