Reassessing coding compliance on an ongoing basis is crucial for healthcare providers to ensure that they adhere to the latest regulations, coding standards, and billing practices. This continuous evaluation allows providers to promptly identify and correct any discrepancies or errors in coding, thereby minimizing the risk of audit findings, penalties, or compliance issues.
As coding guidelines and regulations can frequently change, especially with updates from entities like the Centers for Medicare & Medicaid Services (CMS) and the American Medical Association (AMA), an ongoing review helps practices remain current with these modifications. Additionally, this proactive approach fosters better compliance and enhances the quality of documentation and coding, which ultimately supports appropriate reimbursement.
While annual or semi-annual reviews may be beneficial in some contexts, they do not adequately address the dynamic nature of healthcare regulations and coding updates, potentially leaving gaps in compliance awareness that ongoing assessments would mitigate. This continual process ensures that a healthcare provider's coding practices align with the most current requirements, thereby fostering a culture of compliance and accuracy within the organization.