Corporate Compliance

ISO 9000 quality standards are implemented by more than 500,000 organizations in 160 countries. ISO 9000 is an international reference for quality management requirements in business-to-business dealings. The ISO 9000 family examines the processes required to fulfill the quality requirements of its customers and applicable regulatory requirements, while enhancing customer satisfaction, and achieving continual improvement of its performance in pursuit of these objectives.

ISO 9000 is a generic requirement, which means the same standards can be applied to any organization, large or small, whatever its product, even if the product is actually a service, in any sector of activity, and whether it is a business enterprise, a public administration, or a government department.

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Also known simply as “Sarbanes Oxley” or “SOX,” the Sarbanes-Oxley Act of 2002 is the public company accounting reform and investor protection act. It was passed in the wake of a number of corporate accounting scandals at companies like Enron and Arthur Andersen, which came to light after the year 2000, in order to reinforce investment confidence and protect investors by improving the accuracy and reliability of corporate disclosure.

Signed on July 30, 2002, the legislation’s goal is to create oversight at publicly traded companies and independent auditors so investors are not fooled by phony profits and revenue. Among the several results of Sarbanes-Oxley is the creation of an oversight board for accounting firms that audit publicly traded companies. It also stresses independence of auditors and financial analysts; addresses corporate responsibility at publicly traded companies; and protects whistleblowers.

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Corporate healthcare compliance basically has to do with following the law.  At CorpCompliance.com we offer tools to help you learn more about healthcare compliance. This includes regulations governing federal and state healthcare programs, fraud and abuse matters, ethics, privacy and security requirements and corporate governance.

Because the laws surrounding healthcare services, billing and collection are complex, a strong compliance program is crucial to any healthcare company, whether large or small. Having a strong compliance program will help your company maintain its commitment to being an honest and responsible provider by identifying and preventing illegal and unethical conduct; improving the quality and consistency of patient care; creating a structure for employees to report potential problems; and developing procedures for prompt and thorough investigation of misconduct.

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