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).

Register or login for access to this item and much more

All Accounting Today content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access