Here are the five most common ways in which fraud occurs, and procedures that can help prevent fraud, according to Ms. Sahai:
• Employees could create a fake vendor identities, so have a system in place that alerts physicians and office managers to any new vendors.
• Make sure to split up the role or reconciling bank and credit card accounts and bill pay between two or more employees to create checks and balances.
• Periodically review payroll reports to guard against unapproved pay increases and overtime.
• Task different employees with ordering supplies and opening the mail to prevent someone from over-ordering supplies, returning them and pocketing the refund.
• Make sure company credit cards are getting reconciled by an employee who does use that credit card to prevent personal charges on company cards.
Medical BackOps is a provider of cloud-based solutions for healthcare finance and human resources management.
More Articles on Physicians:
Report: 10 Specialties With the Most Medical Malpractice Lawsuits
Team Physician Consensus Statement Gets 2013 Update
66% of Physicians Believe Physician-Hospital Integration Will Increase
At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.
