What is true regarding contemporaneous reviews in a compliance setting?

Contemporaneous reviews in a compliance setting are crucial for ensuring that organizations remain compliant with regulations and billing practices. The concept primarily focuses on conducting reviews in real-time, regarding matters that are ongoing and have not yet been billed or paid. This plays a significant role in identifying issues early in the process, which can help mitigate risks associated with compliance failures.

Implementing an action plan based on the results of these reviews is an essential aspect. Since the reviews are conducted while processes are still active, any deficiencies can be addressed immediately rather than waiting for audits post-billing, which could lead to more significant repercussions. This proactive approach is critical in maintaining compliance and preventing claims that could be deemed false later.

While it is an overstatement to say that contemporaneous reviews can reduce the risk of False Claims to almost zero, they do significantly lower the risk by identifying and correcting issues prior to billing. This timely intervention helps organizations align their practices with regulatory requirements, ultimately minimizing the chances of submitting erroneous claims.

In summary, the combination of these elements illustrates the importance of contemporaneous reviews: they involve ongoing matters yet to be billed, facilitate prompt corrective actions, and substantially reduce the likelihood of compliance violations. Therefore, the assertion that all these aspects are true about contemporaneous