Chief Compliance and Ethics Officer Health Care

Effective Compliance Program or Risk Assessment

  • 1.  Effective Compliance Program or Risk Assessment

    Posted 07-10-2020 01:54 PM
    Happy Friday!
    I have been in the Compliance role for a year; the prior Compliance Officer had completed a risk assessment (RA) the December prior to leaving and I completed another in November. Also, I have a dual role - only 0.2 FTE is allotted to Compliance and I am a one-woman show (my other hat is flexible enough that I can usually devote the necessary time to compliance).

    During the past year, I've identified that I may not have an effective compliance program and will begin using the MEG to help me get there.

    My question/dilemma is which is more important - completing a RA or establishing an effective compliance program? (Given my FTE division, I am looking for help in establishing priorities.)

    I am leaning towards effective program as the priority because is RA is useless if the program is not in place to support the findings.

    Thanks again for your thoughts!

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    Rachel Anderson, MSN, RN, CHC
    Chief Compliance Officer
    Boone County Hospital
    Boone, Iowa
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    19th Annual CEI Virtual Conference


  • 2.  RE: Effective Compliance Program or Risk Assessment

    Posted 07-10-2020 02:09 PM

    Rachel,

    From what you've said, you have a Risk Analysis that is still less than a year old. Unless there have been significant changes to your environment since then, you shouldn't have to do another one...yet.

    So you might want to go ahead and concentrate on the most important pieces of the rest of your program.

     

    Best Regards,

    Scot Lovejoy   

    Scot Lovejoy RPh. CHC CHPC

    Chief Pharmacy Officer

    Compliance Officer

    Agadia_itself (625x184) (625x184) (100x29)

    9 Campus Drive, Suite 200

    Parisippany, N.J. 07054

    (O) 973-540-8400  x227

    (C) 973-570-3803

    (F) 973-540-8440

     

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    19th Annual CEI Virtual Conference


  • 3.  RE: Effective Compliance Program or Risk Assessment

    Posted 07-10-2020 02:56 PM
    Scot, does it matter if my RA is on a calendar year and everything else is fiscal year?

    ------------------------------
    Rachel Anderson, MSN, RN, CHC
    Chief Compliance Officer
    Boone County Hospital
    Boone, Iowa
    ------------------------------

    19th Annual CEI Virtual Conference


  • 4.  RE: Effective Compliance Program or Risk Assessment

    Posted 07-10-2020 04:45 PM
    I'm in the same boat. Less than a year ago, our org decided they needed a Compliance Program. One had never existed before. I've worn many hats over my tenure (Billing, Practice Administrator, HR - you name it!) and I was asked to build a Compliance Program from scratch. I'm using The Meg as an RA tool to identify where I am at now. My plan is to present the findings to the Exec Team and do an annual assessment using The Meg to show growth year over year. I've estimated it will take me approx 24 months to get a mature program in place. Unfortunately, being a Compliance Dept of one, I have to build the program as I'm putting out fires along the way. Fix the plane while it's flying. Not sure this is much help.

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    Christian Garcia
    Compliance Specialist
    Men's Health Foundation
    Los Angeles,CA
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    19th Annual CEI Virtual Conference