Corporate Compliance

Corporate compliance is relatively new and a very important requirement for hospitals, regardless of size. Corporate compliance has to do with federal regulations regarding billing, contractual agreements, and coding of medical records. The purpose of corporate compliance is to prevent errors in all transactions that may cause, in any way, Medicare or Medicaid to be over-billed for services, as well as to insure compliance with regulations regarding physician and/or vendor relations. All hospitals are required to have a corporate compliance officer whose responsibility is to monitor and document the organization's compliance with existing regulations, in addition to keeping the appropriate hospital personnel informed as to any new rules or OIG rulings.

HMC can assist a hospital in the identification and selection of compliance officers and the formation of the organizational structure to carry out the requirements of corporate compliance. We serve as advisors and active committee participants. Depending on our clients needs, our engagement can be short or long term.