When Should You Leverage Third Party Compliance Oversight?
Those of us in compliance are busy people. Whether we’re gearing up for our annual risk assessment, conducting trainings, writing or updating policies and procedures, or investigating incidents, there are never enough hours in the day. And for many of us, we were handed the responsibility of compliance in addition to our day-to-day job descriptions.
Some of us simply don’t have the resources to ensure organizational compliance. And that can be a frightening thought.
But I want you to know, it’s ok to ask for help. In fact, the OIG has recommended as much, stating, “In situations where staffing limitations mandate that the practice cannot afford to designate a person(s) to oversee compliance activities, the practice could outsource all or part of the functions of a compliance officer to a third party, such as a consultant, PPMC, MSO, IPA or third-party billing company.” In fact, you can watch this on-demand webinar of mine to learn how organizations of all sizes can find value in outsourcing, and better understand:
- When Organizations Should Outsource the Responsibility of Compliance
- What Compliance Activities Make the Most Sense to Outsource
- Which Outsourcing Models Have Been Most Successful in Maintaining Compliance