HBMA Congratulates MedEvolve Inc. on Compliance Re-Accreditation
MedEvolve Inc. recognized for program to protect patient privacy, prevent medical billing fraud, and comply with federal regulations
(Washington) – Today the Healthcare Business Management Association (HBMA) announced that MedEvolve Inc. has earned re-accreditation under the HBMA Compliance Accreditation Program for revenue cycle management (RCM) companies (a.k.a., medical billing and medical practice management companies) and offered its congratulations. The HBMA Compliance Accreditation Program is designed to assess compliance with a range of federal healthcare industry regulations, including provisions to protect patient privacy under HIPAA, promote cybersecurity, and prevent fraud, waste, and abuse in medical billing.
MedEvolve, Inc., is a leading provider of RCM services and technology solutions that provide unmatched transparency, automation and accountability for healthcare organizations. The company is based in Little Rock, Arkansas and serves over 450 medical practices throughout the United States. "We are very proud to renew our HBMA compliance accreditation which was established last year. This recognition emphasizes our continued commitment to meeting and exceeding healthcare regulatory requirements and medical billing practice standards," said Matt Rolfes, President and CEO of MedEvolve. "Additionally, it reinforces our commitment to protecting our clients' data and preventing future threats."
“HBMA recognizes that in medical billing and revenue cycle management the security threats and federal regulations are continually expanding and evolving. There are severe consequences for not staying current in this environment. When a company earns HBMA Compliance Accreditation by independent evaluation, it is only valid for one year. To renew their accreditation, MedEvolve Inc. had to pass another independent evaluation to verify that it still surpasses federal regulations and employs best practices to protect confidential patient medical information, safeguard their data systems, and prevent fraud,” said Emily Osetek, CHBME, FRBMA, president of HBMA.
Healthcare providers trust and rely on RCM companies to ensure the privacy and security of their protected health information (PHI) and to operate with billing policies and practices that meet regulatory requirements. The HBMA Compliance Accreditation Program independently assesses the participating company’s program to fulfill those obligations. Because change in healthcare and its regulatory environment are constant, accreditation must be earned annually to meet new guidelines and requirements.
The HBMA Compliance Accreditation Program assesses compliance with HIPAA and with Health and Human Service Office of Inspector General compliance standards on fraud, waste and abuse; the Stark Law, which is designed to prevent conflicts of interest by medical providers in their prescribed patient care; federal Anti-kickback law; and the OIG work plan. The assessment under the HBMA Compliance Accreditation Program includes an annual comprehensive evaluation of the policies and practices of RCM companies with respect to employee training; security risks, including the security of confidential patient health information; documentation storage and handling; practices to promote compliance with federal regulations; disaster and emergency preparedness plans; and human resources practices, including background check procedures and onboarding.
About MedEvolve Inc.
MedEvolve empowers orthopedic practices to work smarter with data-driven solutions that provide unmatched transparency, automation and accountability. MedEvolve Power Analytics is designed to uncover cash opportunities, identify problem areas and resolve issues quickly to improve financial and operational performance. MedEvolve RCM Workflow Automation solutions leverage AI to eliminate the guess work from managing a practice’s revenue cycle and patient financial clearance processes. In addition, MedEvolve offers Practice Management (PM) technology capable of integrating with any EHR and medical billing technology and services. Visit www.medevolve.com to learn more.
About the Healthcare Business Management Association (HBMA)
HBMA is a non-profit, member-led trade association of companies that support doctors and other medical providers by handling their medical billing and revenue collection processes, services known as revenue cycle management (RCM). HBMA works with legislative stakeholders and federal agencies in Washington, D.C. to improve the business of medical billing and the practice of healthcare. Since its inception in 1993, HBMA and its members have encouraged professional development and adherence to the HBMA Code of Ethics, advocated on behalf of the RCM profession, and promoted business development through educational events, networking opportunities, certification programs, and a wide range of affiliated vendor resources. For more information about HBMA, visit the www.hbma.org.