Alter current procedures to reduce silent PPO activity

Silent PPOs, as their name indicates, can be difficult to identify. To avoid falling prey to these sneaky imposters-and correct the situation if you do-follow these steps:

  • Begin with audits. Sort out individual plans and their contracted payers' payment practices by auditing samples of the organizations' explanations of benefits (EOB). The PPO's name/identification number should match that found on the patient's identification card. The payer listed on the EOB should appear on the list of payers belonging to the PPO.
  • Tackle silent PPO issues in your contract. Attach a complete payer list to the contract and require the plan to provide a notice of changes to the list. Include a provision that requires forfeiture of all discounts that fail to comply with the PPO agreement.
  • Implement a process. Look at your patient accounting processes and add steps that will help identify unauthorized discounts.

Have questions? I’m here to help.

This field is for validation purposes and should be left unchanged.
This field is for validation purposes and should be left unchanged.
Categories
Accounting and Tax Services Litigation Support Managed Care Consulting Managed Care Contract Negotiations Medical Practice and Healthcare Entity Valuation Medical Practice Assessment Medical Practice Brokerage Medical Practice Embezzlement Consulting Medical Practice Management Medical Practice Merger Advice Medical Strategic Planning Newsletter Personal Financial Planning Oversight Physician Compensation Models Physician Compliance Physician Financial Management Services Retirement Uncategorized
About Reed Tinsley, CPA

As a top advisor to physicians, I help increase practice profits by delivering hands-on, expert medical accounting/tax support, practice counsel, and revenue-building strategies. Read More >

Reed Tinsley, CPA