In a healthcare setting, precautions for accepting checks include verifying the identity of the patient or guarantor by checking a government-issued ID, ensuring the check is properly filled out with matching names and addresses, and confirming the account has sufficient funds. It's also essential to implement a policy for handling returned checks, including potential fees and follow-up procedures. Additionally, staff should be trained on recognizing fraudulent checks to minimize financial risk. Regular audits of check transactions can help maintain security and compliance.
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