Medical billing compliance is a critical aspect of healthcare. With strict regulations in place from government bodies like CMS (Centers for Medicare & Medicaid Services), as well as insurance companies, ensuring compliance is key to avoiding penalties, fines, or even legal repercussions.
Compliance issues can arise from incorrect coding, billing for services not rendered, or submitting claims without proper documentation. In recent years, there has been increased scrutiny on healthcare providers to ensure that their billing practices align with legal standards.
CoreMB helps healthcare providers stay compliant by maintaining a deep understanding of the latest billing regulations and coding standards, including HIPAA (Health Insurance Portability and Accountability Act) and ICD-10 codes. Our team of experts regularly updates billing practices to meet these standards, reducing the risk of non-compliance. By entrusting your billing to CoreMB, healthcare providers can focus on patient care while we handle the complexities of compliance.
Key Takeaways:
- Medical billing compliance is essential to avoid legal and financial penalties.
- Non-compliance can result from incorrect coding or lack of proper documentation.
- CoreMB stays updated on regulations, ensuring compliance and reducing risk for healthcare providers.
