Make Physician Contracting Efficient: Create or Review Your Compliance Process
Physician contracting and documenting FMV doesn’t have to be an expensive headache.
Create or review your physician contracting process.
If you are starting from scratch and want to create a functioning physician contract compliance process, the new year is an excellent time to do so. As you assemble your team and your organization’s contracts, define how your organization will determine and document fair market value. Do you employ external consultants? Does your team produce internal FMV documentation? Whatever method your organization decides, document it and stick to a consistent method. If using market data, or a product like MD Ranger, decide when outside help is needed and define those circumstances as best you can. Depending on your resources, there are many methods for lowering FMV costs.
Click on the image below to see how MD Ranger provides easy contract by contract analysis.