LAGUNA BEACH, Calif. -
March 14, 2022 -
PRLog -- Today the Healthcare Business Management Association (HBMA) announced that Ulrich Medical Concepts is now accredited under the HBMA Compliance Accreditation Program for revenue cycle management (RCM) companies (a.k.a., medical billing and medical practice management companies) and offered its congratulations. The HBMA Compliance Accreditation Program is designed to assess compliance with a range of federal healthcare industry regulations, including provisions to protect patient privacy under HIPAA, promote cybersecurity, and prevent fraud, waste, and abuse in medical billing.
Ulrich Medical Billing, based in Paducah, KY, is a full-service RCM firm providing its clients with Ulrich Medical Concepts ARRA certified electronic medical record, and practice management software, Team Chart Concept (TCC). Ulrich Medical Billing serves primary care, surgery and Rural Health Clinics in multiple states.
"HBMA understands that medical billing and revenue cycle management companies operate in a complex, highly regulated profession, fraught with high consequences for fraud, waste and abuse. By achieving HBMA compliance accreditation, Ulrich Medical Concepts has demonstrated by independent evaluation that their practices surpass federal requirements to protect confidential patient medical information, secure their data systems, and prevent fraud," said Jennifer Hicks, president of HBMA.
The HBMA Compliance Accreditation Program is the result of the RCM industry coming together within HBMA to establish a process to independently assess the participating company's program to fulfill its obligation to meet regulatory requirements. The HBMA Compliance Accreditation Program assesses compliance with HIPAA and with Health and Human Service Office of Inspector General compliance standards on fraud, waste and abuse; the Stark Law, which is designed to prevent conflicts of interest by medical providers in their prescribed patient care; federal Anti-kickback law; and the OIG work plan. The assessment under the HBMA Compliance Accreditation Program includes a comprehensive evaluation of the policies and practices of RCM companies with respect to employee training; security risks, including the security of confidential patient health information;
documentation storage and handling; practices to promote compliance with federal regulations;
disaster and emergency preparedness plans; and human resources practices, including background check procedures and onboarding.
The program was announced in April 2018 and was officially launched in October 2018 after beta testing by four HBMA member companies. Since that time, 31 companies have achieved HBMA compliance accreditation.
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