Specialists in the Business of Hospital Based Medicine
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 Anesthesiology 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 Anesthesiology
groups are unaware of existing regulations. HBC informs its clients of new regulations
and educates them on the applicable requirements.
- Assessment – HBC can provide an Anesthesiology 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 – Anesthesiology 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.