Today’s healthcare currency is all about time and money! As blatant as that sounds, everyone is striving to provide the best care in the least amount of time while accurately capturing compensation for their compliance program.
To that end, if you are not continuously monitoring physician compensation for medical directorships, on-call and co-management agreements, you may be at serious risk for healthcare fraud.
Understanding the following 3 signs will help you better manage physician payments and strengthen your compliance program:
1. Lack of technology – Many healthcare organizations lack the modern technology to properly log, track, and report physician activities for accurate payments. The massive amount of time spent chasing physicians down for logs has become increasingly challenging, especially when dealing with ineligible handwriting and signatures. Therefore, it has never been more important to implement a physician time tracking app that can electronically capture physician logs, e-signatures, contract activities, on-call days, and much more.
2. Inefficient processes – With providers busier than ever, inefficiencies in the logging process can result in workflow bottlenecks- leading to delayed payments, decreased staff satisfaction and declining productivity. To reduce risk in your compliance program, it is essential to utilize an efficient system that can track physician logs and provide quick payments for service in a highly compliant format.
3. Economic feasibility – Wasting time chasing paper time logs and signatures could be jeopardizing your compliance program. Adopting a physician tracking app, that can easily track logged activities, could save your organization time and money! For as little as $10 per month (per physician contract) you will be rest-assured that your compliance program is utilizing the most efficient and affordable physician time tracking app on the market.
With the continual introduction of regulatory laws by the OIG, it is no longer safe to sit idle. Instead, it is more important than ever to stay ahead of healthcare fraud by adopting an innovative time tracking app that is both efficient and affordable.
Learn more about the TRACE App at www.dynafios.com/trace >>
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