Welcome to our series on auditing your medical practice!  Auditing your practice may seem unnecessary, or even counterproductive, when you know you have all the required processes in place for keeping the practice running smoothly.  But that’s precisely when an audit should occur, because standardized policies and procedures could lead to your practice falling  into a rut that causes you to miss out on additional income opportunities, among other things.  After all, auditing your practice does not mean that you will necessarily make changes; it simply means that you are open to new ideas that could benefit your practice.
 

Auditing your medical practice will help you determine whether or not your practice’s resources are being allocated to the programs and services that will result in the best return on investment, as well as measure the outcomes of both existing and new initiatives.  However, while you engage in those efforts, your practice still needs to comply with the numerous and ever-changing regulatory and legal requirements that govern healthcare.  This is the subject matter for this article in the Auditing Your Practice series on compliance solutions.