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VIA EMAILDATE: June 18, 2014TO:Prospective ProposersFROM:Maureen Crystal Director of ContractsRE:Invitation for Bid (IFB) No. Q1442 Type of Service: Revenue Integrity Audit ___ Addendum No. 1 IFB
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What is revenue integrity audit?
A revenue integrity audit is a systematic review of an organization's billing and revenue processes to ensure that all revenue is accurately captured, billed, and collected.
Who is required to file revenue integrity audit?
Entities that handle healthcare billing, including hospitals, clinics, and other healthcare providers, are typically required to file a revenue integrity audit.
How to fill out revenue integrity audit?
To fill out a revenue integrity audit, organizations must collect relevant financial data, review billing practices, complete prescribed audit forms, and ensure all required documentation is attached.
What is the purpose of revenue integrity audit?
The purpose of a revenue integrity audit is to identify discrepancies, ensure compliance with regulations, and enhance accurate revenue collection processes.
What information must be reported on revenue integrity audit?
Information required in a revenue integrity audit generally includes billing data, payment discrepancies, compliance issues, and operational metrics related to revenue management.
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