Posted: 11.25.13 | Category: Consulting
“Coming together is a beginning; keeping together is progress; working together is success.” – Henry Ford
The role of the compliance officer is to develop and oversee the organization’s compliance program. In order for the compliance officer to be successful, they will need the following:
- Support from the top
- Autonomy – reporting to the CEO and unfiltered access to the Board of Directors
- Appropriate authority to carry out duties
- Sufficient personnel for the size of the organization
- Sufficient financial resources to manage the program
It is also helpful for the compliance officer to have a “seat at the table” during any meeting where important business decisions are being made.
Encourage your compliance officer to obtain specific training and certification in health care compliance and/or privacy compliance. Gaining a higher level of expertise instills confidence all around.
For additional resources, check out these websites:
Prepare. Reinforce. Go Further.
TCG Compliance Solutions is ready to assist you implement and enhance effective controls and best practices for seamless compliance.
Contact us for the necessary tools, resources and expertise to reach compliance efficiency.
Tags: QuickTips©, Resources
Posted: 11.22.13 | Category: Consulting
Health Care Reform is creating one of the most active consolidation markets in decades. In addition to complex business considerations, managing or facilitating a merger, acquisition, strategic alliance or partnership can be challenging on many fronts. A thorough due diligence evaluation is essential to meet your objectives.
Consider these following due diligence tips:
- Have a clear goal and set of evaluation criteria. Build a strong transaction team with a mix of internal personnel and external advisors to provide objective guidance and varied experience.
- Perform a quick probe of clinical documentation compliance to support payment before committing other due diligence resources.
- If indicated by this probe, then conduct more comprehensive due diligence to validate the investment opportunity and to identify any potential risk factors. Consider all factors: management, financial, clinical, regulatory, environmental, and legal.
- Using due diligence findings, accurately estimate post-transaction investment requirements that will be needed to meet your objectives. Typical needs include: recruiting talent, improving technology, documentation training, and ongoing staff development.
- Establish a robust integration plan that takes into account whether and how you will transform the business in light of new care delivery models.
Tags: QuickTips©, Resources
Posted: 11.21.13 | Category: Consulting
It’s time to start thinking forward so your organization can solidify strategic partner relationships for 2014 success.
There is a well-known proverb that states, “Two heads are better than one.” This points to how collaboration can be key in meeting one’s goals. Here are a few quick tips to consider as you are determining which strategic partnerships to expand and enhance in preparation for the coming year:
- Identify key strategic referral and care coordination partners who demonstrate performance strength and value in the care continuum.
- Solidify relationships with physicians who are aligned with the hospitals you serve.
- Align with strategic “partners” (e.g., hospitals, long term care providers, therapy organizations, physicians, consultants, pharmacy providers, software vendors, medical supply companies, etc.) who can assist in the development and integration of a comprehensive approach, including clinical, operational and financial performance.
Leading providers understand the importance of increasing their connections with organizations with similar missions, core goals and quality service focus in order to achieve success.
Start thinking forward about the relationships your organization will foster in 2014.