Industries everywhere are struggling with increasing business scrutiny and regulatory compliance challenges. The healthcare industry is faced with numerous compliance requirements and industry standards such as JCAHO, HIPAA and other national and state healthcare regulations. Patient safety and quality are also under constant scrutiny. Meanwhile, recent data breaches have raised new concerns around information security and privacy.
In the wake of a historic economic crisis as well as sweeping regulatory change, U.S. healthcare providers continue to seek new ways of creating strategic advantage while addressing this unprecedented set of challenges and unknowns.
A strong internal audit function, one that vigilantly maintains a state of effective internal control and adds measurable value while helping management understand the organization’s risks on a strategic level, has emerged as a crucial contributor to success in the industry’s new era of intense regulatory and risk management activity.
This uncertainty places greater pressure on internal audit management functions to help ensure that additional unknowns – such as fraudulent activity and new technology risks – are considered and addressed properly in relation to an already complex slate of challenges.
Continuous improvement represents a bold objective at a time when internal audit leaders and professionals in the healthcare industry face daunting challenges. These challenges include industry standards such as JCAHO and HIPAA, traditional fraud risks, and an ever-increasing need for more efficiency, emerging-technology risks and ongoing economic uncertainty.
How can we help with your Healthcare Audit Management woes?
360factors, Inc. is a cloud based Enterprise Risk and Compliance Management Technology and Services Company that will help you improve business performance by reducing risk and ensuring compliance. We also offer EHS consulting through our professional services consultants (RSA). RSA offers a wide range of professional services in regulatory compliance and permitting (air, water, and waste), site investigation and remediation, environmental and dredge material sampling and evaluation, and health, safety and risk management services. RSA maintains a staff of experienced key personnel including registered professional engineers, geologists, and health and safety specialists.
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