πŸ‡ΊπŸ‡ΈUnited States

Accreditation and Regulatory Failures from PSV Non-Compliance

2 verified sources

Definition

Nursing homes risk payment denials and accreditation loss by skipping required PSV for credentials during admission processes. Payers like Medicare enforce standards from NCQA, Joint Commission, and URAC, leading to systemic compliance breaches. Ongoing monitoring lapses amplify recurring violations.

Key Findings

  • Financial Impact: $Unknown - results in payment denials and potential fines
  • Frequency: Recurring during credentialing and re-credentialing cycles (every 2-3 years)
  • Root Cause: Lack of robust PSV at hire, renewal, and continuous monitoring as mandated by regulators.

Why This Matters

This pain point represents a significant opportunity for B2B solutions targeting Nursing Homes and Residential Care Facilities.

Affected Stakeholders

Compliance officers, Credentialing specialists, Administrators

Deep Analysis (Premium)

Financial Impact

$10,000 - $30,000 monthly from Medicaid claim denials due to enrollment gaps; audit risk β€’ $10,000 - $30,000 monthly in VA claim denials; loss of VA provider contract if PSV failures identified β€’ $10,000-$18,000 per duplicate billing incident; accreditation risk if Joint Commission audit finds consolidated billing errors; annual loss: $400,000-$900,000

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Current Workarounds

Administrator relies on manual compliance reports from Admissions and Billing; annual JOINT Commission self-assessment using paper checklists; reactive remediation only after survey citations β€’ Admission paperwork review, verbal confirmation calls, manual entry into billing system, credit card on file collection β€’ Admissions Director manually maintains list of hospital relationships; phone calls to hospital compliance teams to verify credentialing; paper-based referral arrangement documentation; no centralized tracking of ongoing hospital partner credential status

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Methodology & Sources

Data collected via OSINT from regulatory filings, industry audits, and verified case studies.

Evidence Sources:

Related Business Risks

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