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.
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.
*Based on 2022 data from 5,000+ RREs and over 400 million claimants queried