Physicians are getting penalized for committing medical frauds including money laundering, conspiracy to commit fraud and aggravated identity theft. According to The National Healthcare Anti- Fraud Association financial losses each year is in tens of billions of dollars due to these fraud.
Around 243 individuals in 17 districts were penalized in the recent Medicare fraud sweep. The Centres for Medicare and Medicaid (CMS) have suspended numerous healthcare providers under the suspension authority provided by Affordable Care Act.
Here is the list of common healthcare provider fraud schemes:
Indeed there are cases where the physicians get greedy or Medicare providers intentionally bill for any service or fictitious patient. However, at times these frauds can take place unintentionally and can lend the healthcare provider into trouble.
Healthcare fraud affects your practice immensely. Keep the points in mind to avoid the problem of medical fraud as it can’t be overlooked.
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