CMS open payments | OIG exclusion list | Monthly OIG screen

The healthcare industry needs a lot of patients' trust and government recognition to run properly in the long term. Therefore, the open payments CMS is introduced in the healthcare sector to represent financial transactions publicly. This report records transactions made by companies that provide devices or medical equipment to physicians, doctors, nurses, or other recipients. This system of publicly reporting every transaction between the two main bodies of healthcare provides transparency and accountability. The CMS (Centers for Medicare & Medicaid ) is specifically used in the healthcare industry to build trust with patients. This approach shows ethical medical practices and is highly beneficial. In this comprehensive blog post, we will explore the open payment CMS and why it is vital, specifically in the healthcare Industry. How does this process work to maintain integrity and accountability between healthcare bodies? So, patients' safety and health are not compromis...

The healthcare sector is one of the most critical and vital among other industries. It needs a thorough review of its products and services to maintain the safety and reputation of the organization. This is where vendor compliance screening comes in, with a list to check for sanctioned or excluded parties. This is a government-created system to identify people or entities who are not fit to work with. The OIG, or Office of Inspector General, maintains a list of excluded individuals and entities known as the LEIE. They add these entities or individuals based on any of their fraudulent behavior or actions.  As soon as the name is added to this list, individuals are restricted from using any federal funds. Vendor compliance screening is even more crucial in healthcare, where gaining people's trust is hard. Furthermore, maintaining that trust is a real deal, as any wrong onnection with entities or individuals can risk the lives of people. The wrong supplier of a product can risk milli...