The final rule on Section 111 penalties by CMS has generated a lot of interest and questions. Insurers need to understand the penalty provisions in the new rule to avoid possible fines.
At Verisk, we know how significant Section 111 penalties can be. We’re here to provide resources, guidance, and assistance to help you adapt to this change smoothly.
Our group of experts provide analysis, insights, and advice on how to avoid Section 111 penalties.
Vice President
MSP Compliance
Vice President
Policy
Senior Product Consultant
Casualty Solutions
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With CMS’s Section 111 ‘final rule’ in place, now is the time to evaluate your compliance program to mitigate the risk of potential penalties. With Verisk's solutions and services, clients can access decades of industry expertise, enhancing and streamlining your Section 111 reporting process to mitigate the risk of potential penalties.
Get timely, error-free reporting with no gaps. For claims reported to CMS through MSP Navigator, 99.9% contained ZERO errors.*
Our Section 111 team will audit your compliance program and provide detailed recommendations and best practices to correct any reporting deficiencies.
Gain actionable insights to mitigate risk with a real-time analytics dashboard of your Section 111 reporting program.
*Based on 2022 data from 5,000+ RREs and over 400 million claimants queried