Business Services Industry
IRS issues IDD on contractual allowance issues in the health care industry.(industry director directive)
Tax Adviser, The, January, 2008 by Rohrs, Jane
The Service has issued an industry director directive (IDD) (LMSB-04-0807-056) on contractual allowance issues in the health care industry. The IDD provides direction to the field on the efficient use of examination resources relating to the audit of contractual allowances. Specifically, the IDD provides a uniform format and approach for examiners to evaluate potential compliance risk related to contractual allowance issues, outlines the established issue management and oversight process, and introduces an initial set of audit guidelines.
Background
Health care providers primarily derive revenue from providing medical goods and services to patients. The providers generally issue multiple bills for the same services to the patient and third-party...
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