Recent changes to federal healthcare reform laws have added numerous regulations relating to healthcare fraud, abuse and program integrity. In addition, every company, including healthcare providers and facilities, that conducts business in the United States is required by federal law to comply with the multitude of domestic and international anti-terrorism and money laundering laws. Healthcare institutions must meet these strict regulatory requirements to avoid exposure to the potential of substantial legal and financial ramifications. These new laws require the healthcare industry to implement enhanced compliance policies and programs, including the screening of suppliers.
The GRMS Supplier Screening Program focuses on the business entity and primary owner of healthcare suppliers to determine if they are included on the U.S. Department of Health & Human Services OIG List of Excluded Individuals and Entities (LEIE). The list provides information to the healthcare industry regarding individuals and entities currently excluded from participation in Medicare, Medicaid and all other Federal healthcare programs. Violations can put healthcare reimbursements at risk and may result in substantial penalties for each item or service furnished by excluded entities or individuals.
Managing suppliers servicing multiple locations as well as staying knowledgeable about the myriad of ever-changing watch lists and compliance regulations is nearly impossible. A mistake can be costly since your organization is exposed to the risk of substantial fines and damage to your reputation anytime you knowingly, or even unknowingly, conduct business with suppliers that are listed on any one of these watch lists.
The GRMS Supplier Screening Program is designed to provide financial and legal due diligence in addition to regulatory compliance and enhance any salesperson credentialing service a healthcare organization may have already implemented.
Learn how the GRMS Supplier Screening Program helps many of the nation’s top healthcare organizations mitigate these issues at no cost to your organization.