decisionhealth Newsletters, Answer Books - 2009 Issue 3 (March)
Physicians / Compliance Tips and Tools / Disclosing Financial Relationships
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Article Overview
This article discusses why hospitals and physicians should track financial relationships and review contracts in advance of CMS reporting requirements. It is aimed at compliance, physician contracting, and hospital administrative audiences who need to understand the scope of the Disclosure of Financial Relationships Reports project, the timing of reporting, and the broader importance of contract review. The piece focuses on general compliance planning and reporting preparedness rather than detailed coding guidance.
Why This Topic Matters
The topic matters because financial relationship reporting can create significant compliance exposure for hospitals, and early preparation can help organizations organize contracts and related records before mandatory reporting deadlines.
What You Will Learn
- Why financial relationship tracking is important for compliance planning
- How CMS reporting preparation affects hospitals and physicians
- Why contract review is considered an important compliance activity
- What the Disclosure of Financial Relationships Reports project broadly involves
Who Should Read This
- Hospitals
- Physicians
- Compliance officers
- Hospital administrators
- Physician contracting staff
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