Due to demographic evolution of the U.S. population, and the increasing age of the baby boomers, it is very likely that healthcare will be the fastest growing segment of the economy in the near future.
That being the case, the Department of Health and Human Services is poised to accelerate its transformation into a more nimble and data-focused organization that can scour an increasing number of healthcare enterprises for potential noncompliance.
The president’s proposed 2015 budget would include $119 million in funding that could continue to effectively push HHS’s big data system improvements toward the end zone.
Although the present funding focuses mainly on detecting fraud, it signals an ongoing commitment to hold healthcare providers to ever-higher regulatory standards.
The time for healthcare providers to prepare for those evolving standards is now.
CCOs Need To Take Decisive Action Right Away To Secure Their Future Compliance Needs
As recently as 2013, HHS-OIG suggested that providers check the OIG exclusion list on a monthly basis. However, as Modern Healthcare has pointed out, manually checking the OIG exclusion list can still leave you prone to errors, since states’ practices in reporting their local exclusions to the OIG differ.
Effective compliance requires a technological solution that will help to reduce the likelihood of noncompliance. Getting started with such a solution right away means a provider can be ready for any changes in regulatory compliance expectations that OIG might make.
To find out more about an OIG compliance tool that will truly make a difference for your enterprise, email or call the experts at Streamline Verify. With years of experience and a unique, proprietary system, we stand head and shoulders above the rest.