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Recording and written materials of
AIS's audioconference on
May 28, 2009
The Top 5 Part D Audit Risks: How You Can Avoid Becoming a CMS Target

Aggressive oversight of Part D plans is here to stay. Everywhere you turn these days, you hear of one Part D plan or another being suspended from the program for violations of CMS rules. Sponsors are facing not only stiff monetary penalties, but also harsh sanctions with major financial repercussions. Three large Part D plans have recently had marketing and enrollment activities suspended due to violations in enrollment and disenrollment operations, which basically prevents them  from acquiring new members. With stepped up CMS Part D enforcement and oversight, now is the time for sponsors to identify and minimize their chief risks. Find out the top 5 Part D risks as reflected in recent CMS audits ... and what preventive steps you should take to reduce your chances of strict penalties and sanctions. 

Sponsored by Atlantic Information Services, Inc., publisher of Medicare Part D News, Health Plan Week, Drug Benefit News, Specialty Pharmacy News, Medicare Advantage News and Report on Medicare Compliance.

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After giving Part D plans a few years of breathing room, CMS has become very aggressive on the enforcement front, increasing the use of its penalty authority. It has sanctioned multiple plan sponsors, including WellCare, WellPoint and the Kansas Blues plan, for various violations of Part D requirements by suspending their marketing and enrollment activities. CMS has also changed its approach to auditing plans, moving to a risk-based approach, with an emphasis on outcomes, as opposed to processes and policies or procedures.

With the increased risk of severe financial penalties and sanctions, Part D sponsors need to pay close attention to CMS’s audits of other plans. Which areas is the agency focusing on, and what steps can you take to escape huge CMS fines and penalties? 

Hear Dorothy DeAngelis and Richard Merino of FTI Consulting outline the areas CMS is now stressing in its Part D audits. They will provide you with vital information on what plans and their partners need to do to avoid becoming a CMS enforcement target and incurring severe penalties and sanctions.

Topics covered include:

  • The top 5 risk areas of recent CMS/Medicare Drug Integrity Contractor (MEDIC) monitoring and auditing
  • How plans should conduct risk assessments and audits to correct and stay on top of problems before a CMS audit
  • What CMS’s movement to a risk-based audit approach will mean for you
  • Key lessons learned from recent plan suspensions
  • Preventive measures plans should take to avoid severe penalties and sanctions
  • Oversight techniques to ensure that first-tier and downstream entities’ actions do not contribute to penalties and sanctions against plan sponsors.

 

Speakers

Dorothy DeAngelis is a managing director in the FTI Forensic and Litigation Consulting segment and is based in Charlotte, N.C. Ms. DeAngelis specializes in assisting legal counsel and ultimate clients with regulatory compliance and operations matters within the managed care and pharmaceutical industries. Her consulting practice during the last seven years has focused on the intersection of compliance issues in business relationships among entities in those two industries. Prior to joining FTI, DeAngelis was a managing director at Huron Consulting Group and a director at KPMG. DeAngelis has more than 17 years of experience in managed care and health insurance regulatory compliance and operations.

Richard Merino is a director in the FTI Forensic and Litigation Consulting segment and also is based in Charlotte. He specializes in assisting legal counsel and ultimate clients with regulatory compliance, health plan and health care entity operations within the managed care, health care provider and pharmaceutical industries. His experience includes the compliance, operational and dispute-resolution matters pervasive in the health care industry from both a payer and provider perspective. Merino has more than 10 years of experience in health care consulting and managed care compliance and operations. Prior to joining FTI, Merino was a director in the pharmaceuticals and health plans practice of Huron Consulting Group and a senior managing consultant in the health care group of Navigant Consulting. Merino also served as the compliance director for one of the largest third-party administrators of health insurance in the nation.

Moderator: Barbra Golub, JD, editor of Medicare Part D News.

 

Designed Especially For

Part D compliance officers, internal auditors, legal counsel, government-relations managers, financial executives, program managers, operations officers, provider-relations directors and others with Part D responsibilities at:

  • Medicare Prescription Drug Plans (PDPs)
  • Medicare Advantage drug plans
  • Pharmaceutical producers
  • Pharmacy benefit management companies
  • Law and consulting firms

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If you order the MP3 file before the conference date (by itself or in combination with the live audioconference), you will be sent an e-mail with the PDF file attached once the file is available.*

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Rush Orders: Please call us at 800-521-4323 to place a rush order.* We will overnight your order for an additional charge of $30, or you can give us your FedEx or UPS account number and we will charge the shipping to your account. Rush orders placed after 3:00pm EST will not be shipped out until the next business day.

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