Billing Errors & Omissions Insurance

Billing Errors & Omissions Insurance Protects Physicians in the Event of Government or Third Party Payor Audits & Investigations

Billing Errors & Omissions Insurance provides legal and audit expense reimbursement as well as coverage for fines and penalties associated with medical insurance billing errors, or violations of HIPAA, EMTALA or STARK proceedings.

Doctors can be held liable for honest mistakes.

Physician Billing Errors & Omissions Insurance will provide coverage for you in the event you are investigated for billing and coding errors. Coverage includes the costs associated with defending yourself (attorney fees, audits, appeals bonds, etc.), as well as the cost for civil damages and penalties for erroneous billings, which can be as high as $5,000 to $10,000 (per CPT code).

Physician Billing Errors & Omissions Liability Insurance is a unique coverage that should be considered by all physicians submitting bills to public (Medicare/Medicaid) or private (health plans and HMO’s) sector payors. The Federal Government (FBI, OIG and DHHS) has made compliance a very important issue and is targeting physicians for fraud through incorrect billing and coding.

Our Errors & Omissions Insurance specialist Kay Isola is available to provide you with an offer or further information. Contact Kay at (800) 553-9293 X 101 (vCard).

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