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Opportunities and challenges in credit balance and unclaimed property management
February 27 @ 1:00 pm – 2:00 pm EST
While clinical precision remains vital in the healthcare industry, financial accuracy is also critical to adhere to increasingly strict compliance requirements and prosper in an ever-demanding financial climate. The challenge of effectively managing credit balances and unclaimed property is no exception.
This webinar will help attendees navigate recent state-specific regulation changes and will explore the nuanced interplay among insurance payments, patient balances, and unclaimed property. Our specialists will provide the insights you need to help your institution remain compliant, efficient, and financially sound in a landscape marked by rapid regulatory change and heightened scrutiny and enforcement actions.
During this session, we’ll explore:
- Mastering financial stability. Learn the importance of proactive credit balance monitoring and accurate unclaimed property reporting to safeguard your institution’s financial health and compliance status from common industry missteps.
- Whistleblower activity. Examine the rising trend of whistleblower cases and other similar enforcement actions affecting the healthcare industry and how proactive strategies can help shape your organization’s practices to avoid such reproach.
After attending this event, you should be able to:
- Describe regulatory shifts. Stay ahead of changes in state regulations, including how credit balances can – and must – be handled and which reporting requirements affect healthcare operations.
- Recognize hidden financial opportunities. Understand the complexities of handling aged balances and how your peers are garnering revenue opportunities (such as statutory exemptions) in credit balance management.
- Implement practical compliance strategies. Identify actionable steps and specific areas of focus to apply effective compliance strategies in your healthcare institution, balancing regulatory adherence with operational efficiency and financial opportunities.
You will not want to miss this chance to elevate your knowledge and align your healthcare institution with the latest compliance and financial standards and best practices related to credit balance and unclaimed property management. We look forward to sharing this discussion with you, answering your questions, and aiding your team on the road ahead.
Who should participate?
Finance and accounting leadership, revenue cycle professionals, audit and tax practitioners, compliance and risk leaders, legal professionals, unclaimed property specialists, and any other interested professionals
Presenters
Michael Unger, Vice President, Revenue Cycle, Kodiak Solutions
Ryan Hartman, Director, Revenue Cycle, Kodiak Solutions
Additional information
For additional information, please contact Jonathan Losey.
Continuing professional education
Prerequisites: None
Program level: Overview
Advance preparation: None
Delivery method: Webinar (group internet based)
Field of study: Specialized knowledge
This session is recommended for 1.0 hour of CPE credit.
Note: All participants MUST be logged into the webinar INDIVIDUALLY to receive CPE credit. CPE credit will only be granted in the name of the individual logged into the LIVE presentation. Crowe is unable to grant CPE credit for groups viewing the webinar or for individuals or groups viewing on-demand recordings of the webinar.
There is no registration fee for participating in this webinar; therefore, there is no cancellation fee.
