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FSRA suspends licenses of 106 health service providers

To keep Ontario’s auto insurance rates affordable, the Ontario Financial Services Regulatory Authority (FSRA) has announced a suspension of the licenses of 106 health care providers.

In a release, the regulator clarified that it has suspended health care providers who have not submitted Annual Information Statements (AIRs) between 2018 and 2021. The AIR is an annual questionnaire designed to collect specific information from health care providers, and the data helps the FSRA conduct market analysis, risk assessments, and regulate the service provider sector. increase.

FSRA’s Vice President of Markets said, “FSRA responded to a small number of healthcare service providers responding to industry turmoil, multiple reminders, expiration notices, and personal calls urging them to submit their annual information returns on time. I couldn’t do it, so I’m taking action.” Conducting Houston Rourke. “I strongly encourage all health care providers to submit their AIRs on time. This information is very important in our work to protect consumers.”

News of the executive action comes after the FSRA confirmed it had issued warning letters to noncompliant healthcare providers in late August.

read more: FSRA steps into licensing issues for health service providers

The FSRA reminds health care providers that they are legally required to submit an AIR each year, stating, “In order to maintain fair and reasonable auto insurance rates for consumers, , regulating the billing practices of healthcare providers,” he added.

Service providers whose licenses are suspended may continue to provide care to car accident victims, but they cannot receive payments directly from insurers, the FSRA warns.

“Insurers must pay claimants who receive treatment from unlicensed service providers, and claimants must reimburse clinics for services rendered,” the regulator said.

FSRA suspends licenses of 106 health service providers

Source link FSRA suspends licenses of 106 health service providers

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