Specialists in the Business of Hospital Based Medicine

COMPLIANCE MANAGEMENT

Services

Did You Know?

Non-compliance costs associated with regulatory requirements are 265% higher than the actual cost of implementing compliance programs.   Ponemon Institute, The True Cost of Compliance (2011).

Compliance Risk Management Services assists Emergency Medicine groups in addressing regulatory compliance issues.  Hospital-based practices have traditionally been targets of government investigations. The best protection against fines and sanctions is due diligence.  HBC can assist your group in this undertaking with services that include:

• Awareness & Education – Physicians are busy practicing medicine and many Emergency Medicine groups are unaware of existing regulations.   HBC informs its clients of new regulations and educates them on the applicable requirements.

• Assessment – HBC can provide a Emergency Medicine group with an assessment and gap-analysis as to the group's compliance with a particular regulation. A report and proposed plan of action is then prepared and discussed with the group.

• Auditing & Monitoring – Emergency Medicine groups rely on HBC's audit and monitoring services to gain assurance that policies and procedures are being followed.  The results are reported and addressed with the group.

• Investigations & Response Strategy – A random regulatory investigation can occur at anytime.  HBC assists its clients in responding to these investigations.   In most cases, the documentation generated from HBC's auditing and monitoring services resolves any potential issue.

Finance and Cash Management Services

Compliance Management

Strategic Management and Advisory Services

Revenue Oversight and Management

Human Resources and Benefits Administration

Financial Reporting and Budgeting Services