Spotlight on Insurance Product

Physician Regulatory/ RAC Audit Insurance 

Why is this coverage needed?

While the False Claims Act imposes liability even if the person submitting the claim does not have actual knowledge that the claim is false. A person who acts in reckless disregard or in deliberate ignorance of the truth or falsity of the information also can be found liable under the Act.

• Anyone with a Medicare provider number is subject to an audit
• Since 1985 – $30 billion in recoveries by the Feds
• In 2008 thru September alone, $6 billion recovered
• ROI for Federal Government – $15 per $1 spent
• Commercial audits, EMTALA, STARK, HIPAA compliance
• Providers are liable for the mistakes of billing companies

News articles:

Why Physicians Regulatory Insurance Is A Must In the 21st Century:

http://www.articlesfactory.com/articles/finance/why-physicians-regulatory-insurance-is-a-must-in-the-21st-century.html

RAC Audit Insurance: Medicare To Expand Audits Increasing Need For Coverage:

http://www.articlesfactory.com/articles/finance/rac-audit-insurance-medicare-to-expand-audits-increasing-need-for-coverage.html

(Click on Link to View/Download Brochure)

   Physicians Regulatory / RAC Audit Brochure

Insurance Specialists For Physicians, Dentists and Attorneys since 1992

Backus Payne Specializes in Medical/Dental & Legal Professional Liability Insurance in conjunction with workers’ compensation and business insurance for physicians, dentists and attornerys.  Backus Payne understands each professional has specific needs therefore offering a vast variety of different insurance products and programs to fit those needs.

FOR A MALPRACTICE INSURANCE QUICK QUOTE:

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