Medical Billing E&O
Who has Medical Billing E&O exposure?
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Nursing Homes
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Assisted Living Facilities
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Home Health Agencies
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Doctor's Offices
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Miscellaneous Medical Companies
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For-profit & Non-profit Companies
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Healthcare Practices or Individual Practitioners
Medical Billing E&O Covers:
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Violation of civil, federal, or state anti-kick back laws
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Violation of HIPAA and EMTALA legislation
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Qui Tam/Whistle Blower plaintiff coverage
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Coverage for both governmental and commercial pay or audits and actions
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Coverage for 3rd party claims arising out of a Wrongful Act in the performance of, or failure to, perform Medical Billing and Coding Services
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Coverage for costs and expenses for an independent audit to be undertaken into the billing practices following notification of an actual or alleged wrongful act
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Cyber elements of coverage available
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What is at stake:
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Fines up to $250,000
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Additional Civil fines starting at $11,000 per false claim
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Civil kickback fines of $50,000
Common Coverage Triggers and Program Features include:
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Medicare/Medicaid billing investigations
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False Claims Act investigations
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Qui Tam/Whistleblower suits
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Stark or Anti-kickback violations
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HIPPA & EMTALA Proceedings
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Worldwide coverage
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Limits from $1m - $10m
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Deductibles from $5,000 - $25,000