The job of an auditor is to assess a company or an individual who is a part of a company. An auditor will step in and perform an audit if there is a question about the legitimacy of information being given or documented by a company or individual. Auditors also concern themselves with the internal workings of the service that is being provided. Chances are if you provide a service, you run the risk of being audited. Auditors exempt no doctor from audits and Physicians and Chiropractors alike are all at risk. There are varying types of auditors and the audits that they perform. Auditors can come from either inside a company or from outside a company.
Therefore, the two types of auditors that exist are called Internal Auditors and External Auditors. Quality audits are done to determine whether or not certain ideas and actions are being successfully applied by a company or individual selling a service. Quality audits are also performed to ensure that the goals set by companies or a service provider are met. Another type of audit is an integrated audit, which deals with how well internal control is reporting their financial status.
There is no doubt that companies or service providers, including those in the healthcare world, have to be on top of their game in order to keep auditors at bay. Healthcare providers specifically, need their documents need to be updated and correctly written. Every patients' file must be updated and correctly documented as well. In 2006, fraud and false claims were in the billions for Chiropractors alone, as reported by The Justice Department. When insurance fraud is detected by an auditor, the ramifications are serious. A Chiropractor can loose his or her license and there is a possibility of jail time. These are just a few consequences for Chiropractors if fraud is detected by an auditor. Audits can also drain a practice out of an incredible amount of money, demanding that a Chiropractor actually return revenues. When revenues suffer than a Chiropractor's practice suffers. Recovering from lost revenues is a difficult thing to do, especially if you want a thriving practice. Auditors can shut down a practice and completely ruin the career of a Chiropractor.
The good news is that there are ways for medical practices to fight back and billing services will help. Billing services will work with a Chiropractor to ensure that they have impeccable SOAP notes and that all patients have updated charts and are on schedule. These seem to be the best ways for a Chiropractic to steer clear from audit risk. Billing services use software to make it less likely that a Chiropractor will be audited. Billing services work to tear down the red flags that may signal auditors to come after a Chiropractor's practice. Audit risk is serious and is something that all companies and individuals should shield themselves from. Auditors show no mercy if a company or individual is not complying with the rules they have set. Billing services will work to ensure that a Chiropractor has a chance to beat these auditors from taking away from their practice.
0 comments:
Post a Comment