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HBMA Congratulates Equinox Provider Practice Solutions on their Compliance Re-Accreditation
Equinox Provider Practice Solutions is recognized by the program to protect patient privacy, prevent medical billing fraud, and comply with federal regulations
Today the Healthcare Business Management Association (HBMA) announced that Equinox Provider Practice Solutions 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.
Equinox Provider Practice Solutions is an RCM company based in Plano, Texas. We service the independent healthcare communities in Texas and the surrounding states. A lack of preparation and new risks can cost the small provider money and reputational risk at a time when they can least afford to lose either. Our associates provide compliance-driven, revenue-focused business office support services to our valued clients using leading-edge technology to mitigate compliance and HIPAA privacy risk.
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, Equinox Provider Practice Solutions 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;