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ABOUT ASC's is a blog setup to provide ambulatory healthcare professionals the opportunity to share ideas, post questions and reach out to peers for information on: improving patient care and safety, meeting regulatory compliance, risk management, licensing, policies and procedures,information systems, and daily operational questions. This blog is provided and supported by Ambulatory Strategies, Inc. as a service to our clients and friends.

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Key Components of a Operational Audit

by DRauber 12. March 2012 09:17

An operational audit should include these components

  • Compliance with CMS regulations
  • Opportunities for enhanced revenue stream
  • Updates on trends with contracts on a national level
  • Out of  network billing trends/opportunities
  • Coding and charging audit
  • Information system review and recommendations
  • A/R enhancement and collection opportunities
  • Opportunities for further cost containment in all expense areas and inventory control
  • Clinical and staffing ratios/ performance: FTE calculations
  • Both clinical and financial benchmarking compared to best practices.

Tags:

Financial Planning | Regulatory Compliance

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