All healthcare providers are vulnerable to fines and penalties if they submit bills for reimbursement to the government or private payers. This video from The Doctors Company presents an overview of the risks to healthcare providers posed by billing errors and omissions.

Since 2003, the Office of Inspector General has recovered over $7 billion in erroneous, wasteful, or fraudulent payments. On average, it costs $80,000 for healthcare providers to defend themselves, and fines and penalties can be hundreds of thousands of dollars—even if the provider is found not guilty. Healthcare providers should establish proper procedures, standards, and training. They should also ensure they have coverage to protect themselves against legal and audit expenses and against fines and penalties associated with billing errors, HIPAA, EMPTALA, or Stark proceedings.

As the nation's largest physician-owned medical malpractice insurer, with 75,000 members, The Doctors Company constantly monitors emerging trends and quickly responds with innovative solutions. Members enjoy industry-leading benefits, including the regulatory risk protection of CyberGuard® PLUS (previously named MediGuard PLUS).

SUBSCRIBE FOR OTHER VIDEO TIPS AND NEWS
   / doctorscompany  

VISIT OUR WEBSITE
http://www.thedoctors.com

LET'S CONNECT
Twitter:   / doctorscompany  
LinkedIn:   / the-doctors-company  
Facebook:   / thedoctorscompany