Practice Management Alert

Don't wait for an OIG audit threat to start uncovering your coding weaknesses. Although some practices believe that self-audits are only necessary if your practice has been scheduled for an OIG audit, there are many other reasons why chart reviews can help your practice. For one thing, you could be throwing money away if you're not auditing your charts regularly.Chart audits are a good way to pick up things that aren't billed, as well as things that are billed but not documented. You may actually rescue some money with audits, and you may avoid compliance nightmares.What it means: When you perform a self-audit, you're comparing your physician's billing records, claims, and medical records to verify expected treatment outcomes and medical necessity of services. In addition, you'll look for appropriate documentation to support fees and reasonable charges for services your physicians rendered.  Why you audit: When you audit your physician's services, [...]