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Verisys Acquires Credentials Verification Organization Services From Advantum Health

Users of Advantum’s Med Advantage services will migrate to Verisys’ CheckMedic platform. Verisys Corporation has acquired the Med Advantage Credentials Verification Organization (CVO) business from Advantum Health. The Louisville, Ky.-based Advantum will continue to offer revenue cycle and provider enrollment services. “We’re excited about the opportunity to serve Med Advantage CVO clients with our comprehensive,…

Verisys Wins Best Company Career Growth and Leadership Awards

Verisys Corporation recently won two more Best Places to Work awards from Comparably. Verisys placed No. 7 in the nation among small- to mid-sized companies for Best Companies for Career Growth. It placed No. 20 for Companies with the Best Leadership Teams. These two awards come on the heels of Best CEO for Women, awarded…

Verisys’ John Benson Wins Best CEO for Women Award

John Benson, CEO, and co-founder of Verisys Corporation, recently won his third award for Best CEO for Women from Comparably.  He ranks No. 9 in the nation among small- to mid-sized companies for the honor. “Verisys focuses on the individual and recognizes the differing needs of its team members depending on their personal and family circumstances….

What You Need to Know About the Telemental Health Care Access Act of 2021

The Telemental Health Care Access Act was introduced June 15, 2021, by Senators Bill Cassidy (R-LA), Tina Smith (D-MN), Ben Cardin (D-MD), and John Thune (R-SD).  This bill would eliminate the requirement that Medicare patients be seen in person within six months of their telemental health appointment. The American Telemedicine Association (ATA), which supports this…

Combination of Verisys Corporation and Aperture Health Creates Market Leader in Healthcare Credentialing and Provider Data Management

Verisys Corporation and Aperture Health have been acquired and combined by funds managed by Stone Point Capital. “The combined company establishes a market leader in the credentialing, enrollment, and provider data management space that can provide an exceptional level of service, security, and scalability,” said Stone Point CEO Chuck Davis. “We’re looking forward to leveraging…

HOW HISTORICAL DATA CAN BE KEY TO PATIENT SAFETY

Primary Source Verification and Ongoing Monitoring is Essential to Effective Provider Credentialing and Privileging Sometimes there’s more to the picture. Thorough screening followed by continuous monitoring as part of the credentialing process is the most essential task in the process of providing quality care and protecting patients. However, in the past, without instant access to…

Exclusion Monitoring Challenges

Building an effective healthcare compliance program that meets legal, ethical, and professional standards requires developing effective processes, policies, and procedures. The OIG exclusion list is one of the sources to monitor to ensure compliance, program integrity, and patient safety. Failing to comply with federal and state regulations could result in fines, loss of federal program…

ONGOING MONITORING OF PROVIDERS AND STAFF REDUCES RISK OF EXCLUSION

CONTINUOUS COMPLIANCE = CONTINUOUS MONITORING What’s true today may not be true tomorrow. For the purposes of this article, continuous monitoring assures that those individuals and entities being monitored by healthcare delivery organizations are compliant with the bylaws, laws, regulatory and standards requirements governing the safety, security, and competence of an organization. The word monitoring…

Top Exclusion Reasons

Under section 1128 of the Social Security Act, the Office of Inspector General (OIG) has the authority to exclude certain individuals from federal healthcare programs like Medicare and Medicaid. In addition to not receiving reimbursement for services from Medicare and Medicaid, organizations that hire an individual from the List of Excluded Individuals/Entities (LEIE) – the…

OFAC Compliance

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) enforces economic and trade sanctions to protect against foreign countries and regimes, terrorists, international narcotics traffickers, those engaged in activities related to the proliferation of weapons of mass destruction, and other threats to national security, foreign policy, or the U.S. economy. Although OFAC’s…