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When a firm is new and inexperienced to compliance, a compliance officer will begin by establishing a compliance management system, a whistleblower support system, and an authorization manager to guarantee that contributions and hospitality are correctly registered and managed.

by | Oct 16, 2022 | Healthcare

 

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I had the pleasure of interviewing Cessalie Harris—Director of Corporate Compliance in Cleveland Clinic Weston Hospital in Florida. Although this individual worked remotely, I was able to contact them and properly conduct the interview via telephone with their absolute authorization. They were informative and provided all necessary details pertaining to the assignment. It was mentioned by the individual that Compliance Officers are in ultimate charge of ensuring that all business operations and work processes are perfectly lawful. A Compliance Officer is also solely accountable for guaranteeing that corporate activities conform with internal standards, in addition to the law. Alongside, companies risk breaking applicable rules and regulatory requirements without a Compliance Officer who takes part in actively inspecting and leading compliance management, exposing themselves to significant reputational harm and penalties. According to the Chief Compliance Officer (2019), the Chief Compliance Officer is accountable for creating standards and executing processes to guarantee that the compliance programs throughout the business are deemed both effective and efficient in recognizing, avoiding, identifying, and rectifying noncompliance with relevant laws and regulatory requirements.
Compliance Officers serve as a liaison between specialized divisions and management. They handle the flow of information amongst management and expert areas while adhering to various duties and confidentiality obligations. To minimize conflicts of interest, the Compliance Officer role should not be located within the legal department or report directly to it. Compliance Officers guarantee that the organization conforms with the law while still running efficiently. The post should ideally be positioned immediately beneath the board of directors, ensuring independence as well as a direct reporting line to top management. This guarantees that unfiltered reports reach management. According to the Hometown Health Center (2020), ethics and compliance are collaborative efforts; therefore, everyone must indeed participate. Individuals and organizations seeking or delivering products or services must always follow the law while maintaining high ethical standards. Part of this is due to suppliers and consultants adhering to Hometown Health Center’s Compliance Program.
Compliance is a difficult subject that impacts all aspects of a business and necessitates adherence to several rules and regulations. Depending on the scale of the organization, a compliance officer might soon get overburdened as a one-man band. Creating a compliance department guarantees that personnel is there to assist with activities such as the compliance management system, risk assessments, and coaching. A Compliance Officer serves as an adviser since they contact directly with management and participate in company decision-making processes. In contrast to an external consultant, a Compliance Officer actively participates in shaping these corporate choices and develops ways to meet corporate objectives while adhering to all rules and regulatory requirements.
When a firm is new and inexperienced to compliance, a Compliance Officer will begin by establishing a compliance management system, a whistleblower support system, and an authorization manager to guarantee that contributions and hospitality are correctly registered and managed. If the firm already has an existing compliance management system set in place, they assume responsibility for its oversight and structure. In either case, it is the responsibility of a Compliance Officer to assess and identify potential risks within the organization, develop proposals for dealing with and preventing compliance risks, improve the existing business processes and procedures, and, if absolutely required, enhance their department with supplementary personnel and resources. According to Western Governors University (2022), a health information management compliance officer is a detail-oriented healthcare professional that is known to integrate healthcare business understanding, technological expertise, and compliance knowledge and experience to guarantee that their firm abides by all existing healthcare information rules.

 

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