Billing insurance.Cunningham Group has launched a new type of insurance plan that protects medical practices, hospitals, clinics, and other healthcare providers that bill Medicare and Medicaid Medicare and Medicaid U.S. government programs in effect since 1966. Medicare covers most people 65 or older and those with long-term disabilities. Part A, a hospital insurance plan, also pays for home health visits and hospice care. . The new plan, MediKey [SM], takes the guesswork out of coding and protects earnings with special low-cost Billing Errors and Omissions errors and omissions n. short-hand for malpractice insurance which gives physicians, attorneys, architects, accountants and other professionals coverage for claims by patients and clients for alleged professional errors and omissions which amount to negligence. (E&O) insurance, available to healthcare providers and facilities that enroll in the compliance plan. This combined approach enables providers to qualify for the E&O insurance at a favorable fa·vor·a·ble adj. 1. Advantageous; helpful: favorable winds. 2. Encouraging; propitious: a favorable diagnosis. 3. rate. An additional benefit is that as healthcare providers gain confidence that their billing is accurate, total revenues are often enhanced because legitimate ways are discovered to code procedures to fully reflect their complexity and the demands placed on the practitioner's time. MediKey provides coverage on behalf of the insured to settle or appeal an audit, as well as for civil penalties and fines, including defense, litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. , auditing and consulting costs arising from allegations of billing errors and omissions (subject to policy limits, terms, conditions, and exclusions); protection in the event of unforeseen, unwarranted, and unanticipated increases in Medicare/Medicaid payment denials (subject to policy limits, terms, conditions, and exclusions); extended levels of indemnification Indemnification Used in insurance policy agreements as to compensation for damage or loss. In the context of corporate governance, Director Indemnification uses the bylaws and/or charter to indemnify officers and directors from certain legal expenses and judgements resulting from , with coverage limits of up to $5 million; and cash flow continuity, ensuring uninterrupted operation and patient service during dispute resolution. Cunningham Group is an independent agency/brokerage firm specializing in physician and surgeon medical malpractice Improper, unskilled, or negligent treatment of a patient by a physician, dentist, nurse, pharmacist, or other health care professional. protection, with 54 years' experience serving the medical community. |
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