The revenue recognition standard that takes effect next year could help health care providers and regulators identify instances of Medicare and Medicaid fraud by subjecting their financial statements to new scrutiny, although in some ways the new rules could also spur some forms of fraud.
The new standard comes at a time when many organizations are still adjusting to Medicare’s new value-based reimbursement program, which holds health providers more accountable for the quality and cost of care they deliver to patients (see Medicare providers face extra pressures under revenue recognition standard).
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