decisionhealth Newsletters, Part B News - 1999 Issue 9 (September)
Compliance, reputation should be your top concerns
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Article Overview
This article focuses on selecting and monitoring a third-party billing company, with emphasis on compliance programs, oversight practices, audit readiness, coder qualifications, and communication safeguards. It is relevant to physicians, practice managers, compliance staff, and revenue cycle leaders who want to understand the kinds of due diligence and monitoring considerations discussed by billing and compliance experts.
Why This Topic Matters
Outsourcing billing can affect reimbursement, compliance exposure, and a practice’s reputation, so organizations need a clear way to assess a vendor’s controls and monitoring practices. The article helps readers understand the broad compliance and oversight topics that matter when working with a billing company.
Article Sections
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Selecting and evaluating a billing company
This section introduces broad criteria for assessing a billing company’s experience, compliance posture, and preparedness to handle claims work. It frames the vendor-selection concerns discussed throughout the article.
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Compliance plans, audits, and oversight
This section covers compliance planning, internal and external review practices, and the role of audit materials in vendor oversight. It also discusses the importance of policies and procedures documentation.
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Coder credentials and monitoring claims activity
This section addresses credential verification for coding staff and ongoing monitoring of billing activity and errors. It also includes communication and review practices used to keep track of claim performance.
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Contracting and ongoing review
This section discusses contractual expectations for compliance planning and continued monitoring after the vendor relationship begins. It also touches on periodic sampling of claims submitted on behalf of a practice.
What You Will Learn
- What factors are commonly considered when evaluating a third-party billing company
- How compliance planning and audit oversight fit into vendor due diligence
- Why coder credentials and error tracking matter in billing oversight
- How ongoing communication and claim review can support monitoring of outsourced billing
Who Should Read This
- Physicians
- Medical practice managers
- Compliance officers
- Revenue cycle managers
- Billing supervisors
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