Audit of Medicare Part A Administrative Costs for the Period November 5, 2007, Through September 30, 2008 at Wisconsin Physicians Service Insurance Corporation

Administrative costs reported by Wisconsin Physicians Service Insurance Corporation (WPS) on its FY 2008 Final Administrative Cost Proposal were generally reasonable, allowable, and allocable and in compliance with the Federal Acquisition Regulation and other applicable criteria. However, WPS reported unallowable costs totaling $945,000 because it overstated costs for indirect costs ($871,000), outside professional services ($39,000), travel ($26,000), miscellaneous ($7,000), and other ($2,000).

Dallas L Alford IV, CPA is a licensed Certified Public Accountant in the state of North Carolina and owner of Atlantic Financial Consulting, a consulting firm that provides comprehensive medical billing services, practice management consulting, coding audits, Medicare compliance, Medicare RAC support and other general medical practice consulting services.
To learn more about Atlantic Financial Consulting you may visit their website at
http://atlanticfinancial.us  or contact Dallas L Alford IV, CPA directly at 1 888-428-2555, Ext. 200.