Healthcare Connection

Healthcare Connection – April 19, 2016

Inadequate Internal Controls Could Be Costing You Dollars

Strong internal controls are critical to a healthcare organization’s ability to run smoothly and allow leaders to devote time to strategy, growth, and innovation. The benefits and potential improvements to the bottom line that come from an internal control audit can far outweigh the expense. This article reveals the characteristics of a strong internal control environment.

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Webinar Preview: Managing Credit Balance Risk in Your Unclaimed Property Process

Most health organizations complete some form of unclaimed property reporting. Often that reporting entails a review of aged checks, which then are escheated to the state of operation. This webinar will shed light on some of the more intricate details of unclaimed property reporting and will address the appropriate application of unclaimed property exemptions. In addition, it will suggest a plan to review your organization’s existing unclaimed property report processes and offer guidance about how to strengthen that process going forward. As a result of participating in this session, you should be able to:

  • Discuss the growing scrutiny of credit balances and how that scrutiny relates to both Centers for Medicare & Medicaid Services and unclaimed property audits
  • Recognize how internal processes should be developed to identify and resolve credit balances
  • Identify adjustment errors and statutory exemptions that should be excluded from unclaimed property reporting
  • Recognize that all aged liabilities should be reviewed for the entire organization

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Brian B. Sanderson
Managing Principal, Healthcare Services