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Cunningham Group has launched a new type of insurance plan that protects medical practices, hospitals, clinics, and other healthcare providers that bill Medicare and Medicaid. The new plan, MediKey [SM], takes the guesswork out of coding and protects earnings with special low-cost Billing Errors and Omissions (E&O) insurance, available to healthcare providers and facilities that enroll in the compliance plan. This combined approach enables providers to qualify for the E&O insurance at a favorable rate. An additional benefit is that as healthcare providers gain confidence that their billing is accurate, total revenues are often enhanced because legitimate ways are discovered to code procedures to fully reflect their complexity and the demands placed on the practitioner's time.

MediKey provides coverage on behalf of the insured to settle or appeal an audit, as well as for civil penalties and fines, including defense, litigation, auditing and consulting costs arising from allegations of billing errors and omissions (subject to policy limits, terms, conditions, and exclusions); protection in the event of unforeseen, unwarranted, and unanticipated increases in Medicare/Medicaid payment denials (subject to policy limits, terms, conditions, and exclusions); extended levels of indemnification, with coverage limits of up to $5 million; and cash flow continuity, ensuring uninterrupted operation and patient service during dispute resolution.

Cunningham Group is an independent agency/brokerage firm specializing in physician and surgeon medical malpractice protection, with 54 years' experience serving the medical community.

# posted by Medical Information : 3:15 AM