Question

Select the best phrase from the list below to complete the following policy statement: Centennial Medical Associates is committed to following Federal, State, and Local laws, rules, guidelines, and regulations. To promote this effort, Centennial Medical Associates will perform claims audits at least on an annual basis to ________.

1) ensure compliance
2) reduce costs
3) increase revenue
4) improve patient care

Answer 1

Centennial Medical Associates will perform claims audits on an annual basis to ensure compliance with laws, rules, guidelines, and regulations.

Step-by-step explanation:

To ensure compliance with Federal, State, and Local laws, rules, guidelines, and regulations, Centennial Medical Associates will perform claims audits at least on an annual basis. This will prevent non-compliance and help the organization maintain ethical and legal standards. Auditing is a crucial step in identifying any potential issues or discrepancies and taking corrective actions.