An open data initiative by CMS to improve information transparency regarding payments made by the #healthcare industry to physicians and teaching hospitals is entitled "CMS Open Payments." #hospitals #finance This program fosters accountability, reinforces ethical behaviors, and allows for easy review of financial relationships between healthcare entities and physicians by the general public.
Read more: https://blogs.venops.com/cms-open-payments-guide/

By conducting Sanction and OIG check, organizations can verify individuals or #businesses against exclusion/sanction lists. #healthcare #finance This will minimize compliance risk for organizations, and prevent fraud while also ensuring compliance with federal regulations across all industries including healthcare, finance and corporate.
Read more: https://writeupcafe.com/protec....h-healthcare-by-sanc

By conducting Sanction and OIG check, organizations can verify individuals or #businesses against exclusion/sanction lists. #healthcare #finance This will minimize compliance risk for organizations, and prevent fraud while also ensuring compliance with federal regulations across all industries including healthcare, finance and corporate.
Read more: https://writeupcafe.com/protec....h-healthcare-by-sanc

Organizations use vendor #screening to authenticate their suppliers and other third party partners before working with them. #vendorscreening #healthcare This practice is essential because it helps organizations manage the risk of non-compliance, stop fraudulent activity, and establish a working relationship based on ethical behaviour.

Read more: https://blogs.venops.com/vendo....r-screening-oig-scre

By providing transparency and ensuring #compliance with regulations, the Open Payments program established by CMS helps organizations mitigate compliance risk. #business The Open Payments program identifies all financial relationships between the #healthcare provider and the patient through payment data,#finance while #sanctionchecks validate an individual or organization's status on federally prohibited/restricted lists.
Read more: https://writeupcafe.com/transp....arency-and-ethical-m