CONTACT: Brad Lund
|
04/27/2022 |
(202) 367-1279
info@hbma.org
HBMA CONGRATULATES EQUINOX PROVIDER PRACTICE SOLUTIONS ON COMPLIANCE RE-ACCREDITATION
Equinox Provider Practice Solutions is recognized by the program to protect patient privacy, prevent medical billing fraud, and comply with federal regulations
(Laguna Beach) – Today the Healthcare Business Management Association (HBMA) announced that Equinox Provider Practice Solutions is now accredited 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.
Equinox Provider Practice Solutions is an RCM company based in Plano, Texas. We service the independent healthcare communities in Texas and the surrounding states. A lack of preparation and new risks can cost the small provider money and reputational risk at a time when they can least afford to lose either. Our associates provide compliance-driven, revenue-focused business office support services to our valued clients using leading-edge technology to mitigate compliance and HIPAA privacy risk.
HBMA understands that medical billing and revenue cycle management companies operate in a complex, highly regulated profession, fraught with high consequences for fraud, waste, and abuse. By achieving HBMA compliance accreditation, Equinox Provider Practice Solutions has demonstrated by independent evaluation that their practices surpass federal requirements to protect confidential patient medical information, secure their data systems, and prevent fraud,” said Jennifer Hicks, president of HBMA.
The HBMA Compliance Accreditation Program is the result of the RCM industry coming together within HBMA to establish a process to independently assess the participating company’s program to fulfill its obligation to meet regulatory 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 a 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 Equinox Provider Practice Solutions Inc
Equinox PPS recognizes the small independent provider as an important cornerstone in maintaining the health needs of the local community. Our management team consists of experienced patient access, billing, financial, compliance and privacy professionals who understand the regulatory and financial challenges facing the small provider. Our goal is to execute effective, efficient, and compliant administrative processes to preserve their presence in the health ecosystem.
“An educated provider is a profitable provider” - Nadine Smith, CEO
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.