Compliance 360, a leading provider of Software-as-a-Service (SaaS)
solutions for enterprise governance, risk management and compliance
(eGRC) today announced a “Cash-for-Clunkers” trade-in program for
healthcare providers that initially invested in low-end,
limited-functionality software applications for managing overpayment
recovery audits including Medicare Recovery Audit Contractor (RAC)
Audits and Medicaid Integrity Contractor (MIC) audits.
The Compliance 360 Claims Auditor, licensed for use in over 800
healthcare facilities nationwide, helps healthcare providers take
control of medical claims audits and appeals, and protect their
legitimate revenues from being caught up in the recoupment of
overpayments. With a sophisticated workflow engine, healthcare providers
can manage the complexity of multiple, simultaneous recovery audits to
ensure that due dates are not missed. Serving as the “Virtual Audit
Coordinator”, the Claims Auditor automatically manages each step in the
response and appeals process, allowing key personnel to concentrate on
high-risk areas and monitor the overall program. The Claims Auditor also
serves as the claims audit system of record, enabling healthcare
providers to establish a common point of control for managing all claims
audits including RAC, MIC, MAC, CERT, PERM, ZPIC and commercial payor
audits.
“As RAC audits have transitioned from a limited demonstration status to
a full nationwide rollout over the last 18 months and MIC audits have
also been ramping up, many hospitals have taken a conservative approach,
investing in software solutions with very limited functionality,
providing only minimal revenue protection. Given the government’s track
record of recurring postponements of new regulatory programs, this
approach is quite understandable,” said John Brooke, General Manager of
Healthcare for Compliance 360. “However, now that the Medicare and
Medicaid revenue recovery programs are rolling out and even accelerating
as a result of the highly publicized focus on cost savings and
anti-fraud initiatives in the new healthcare reform law, healthcare
providers are seeking robust, replacement solutions, proven to protect
their legitimate revenues from being recouped. For those providers that
are now discovering their initial choice of a limited solution is not
providing adequate revenue protection, we are offering discounts in the
form of trade-in credits when they upgrade to the Compliance 360 Claims
Auditor. Based on the increased activity we’ve seen since the passage of
healthcare reform, we expect this program to be very popular with
healthcare providers.”
The Compliance 360 Claims auditor will be featured at the HFMA 2010 ANI
Healthcare Conference in Las Vegas, June 20-23. Healthcare providers
interested in taking advantage of the “Cash-for-Clunkers” trade-in
program, should contact Compliance 360 at sales@compliance360.com
or (678)992-0262. The program is currently scheduled to run through
November 30, 2010.
About
Compliance 360
for Healthcare
Compliance 360 is the leading provider of enterprise governance, risk
management, compliance
and audit
management solutions for healthcare. With these solutions,
healthcare providers and insurance companies reduce risks, improve
efficiencies and protect their brands using a single platform to address
their comprehensive GRC requirements. The Compliance 360 solution for
healthcare addresses the need for policy
management, centralized
regulatory management including HITECH,
HIPAA, EMTALA,
STARK
and others, Joint
Commission Accreditation, OIG corporate
integrity agreements (CIA), False
Claims Act (FCA) Compliance, adverse-event
management, contract
management, surveys,
remediation projects, claims
audits and denials, Medicare
RAC audits, Medicaid
MIC Audits, self assessments, internal
audits, and enterprise risk
management. Over 150,000 active users rely on Compliance 360
everyday to manage their risk, audit and compliance programs. To learn
more about the Compliance 360 solution for healthcare, visit www.compliance360.com.
Editor’s Note: Compliance 360 is a registered trademark of
Compliance 360, Inc. Virtual Evidence Room is a registered service mark
of Compliance 360, Inc.
Any other trademarks are
recognized as proprietary to their owners.
Compliance 360
Media Contact:
Scot McLeod, 678-992-0262
Vice
President, Marketing
media@compliance360.com