Leave the responsibility of compliance to an extended team of experts, so that yours can focus on saving lives.
The field of medical science is rapidly evolving. Such is the natural state of medicine, to evolve into better and better versions of itself over time. As medical science continues to evolve, so do your healthcare organizations’ infrastructure, expertise, and professionals.
Just as medical science evolves, so do the landscapes of regulatory frameworks and the compliance safeguards needed to navigate them. With constantly changing legislation on patient privacy, as well as the high-risks and cost implications associated with non-compliance, it is essential for healthcare enterprises to be dynamic in their approach to compliance.
Non-compliance can lead to poor clinical outcomes, divulgence of sensitive patient information, a waste of resources, financial fraud, legal action, high non-compliance penalty fees, and more. Additionally, compliance requirements can be incredibly challenging for healthcare institutions to keep pace with. Especially when their staff’s main focus is on saving lives.
Enter, outsourced medical compliance solutions. When sourced from a high-quality service provider of exceptional integrity, these services can shift the burdens and challenges often associated with compliance to a team of professionals that specialize in this very field.
There are numerous benefits associated with outsourced compliance solutions that every healthcare enterprise should know about:
A high-quality external solutions provider doesn’t just bring their expertise to the table, but also their objectivity. Their first order of business is to evaluate how equipped your enterprise is to keep up with regulations and best practices, and suggest effective solutions to resolve shortcomings.
Keeping up with regulations of the many different payors and accrediting agencies require the use of numerous compliance tools and solutions. While the choice of such tools on offer can seem overwhelming, a service provider will choose the best, most cost-effective tools for your organization depending on their assessment of the internal controls required.
A key aspect of compliance involves demonstrating to regulators that due processes are being effectively followed. If you select the right compliance solutions provider, they create a customized, bespoke solution that effectively maintains and organizes all your organization’s documentation. This makes the very same documentation available to regulators in an instant, once asked for.
A service provider with the highest standards of efficiency and reliability will act as your organization’s extended team. This can help streamline your staffing and help reduce the need to hire additional full-time compliance team members whose salaries and benefits form an additional cost centre for your organization. Instead, a solutions provider remains committed to delivering results while being far more cost effective.
While the objective of hiring an external solutions provider is to minimize the time spent by your employees on compliance, this doesn’t eliminate their responsibility altogether. Service providers establish customized compliance frameworks for your organization, in such a way that minimal employee contributions are solicited for the system to efficiently function. A single employee committing a major error, puts this system at risk. That’s why an external service provider will also educate and train your employees on basic compliance measures one must follow, especially with regard to data protection and documentation.
All of these advantages do not come with just any compliance support provider, but are a distinct series of advantages that are exclusive to working with Red Road.
Red Road is a high-quality medical compliance solutions provider, delivering industry-leading solutions that take the burden of ensuring compliance off our clients’ shoulders. Despite being an outsourced team, our promise is to act as an extended team for your organization, one that comes with all the benefits of an in-house team – minus the high costs.
Our dedicated teams of qualified registered nurses and specialists boast of decades of industry experience, using their expertise to develop internal controls that your organization truly needs. Paired with our excellent customer support, this ensures that high-quality service is available to your organization 24/7.
At Red Road, we are on a mission to revolutionize outsourcing to deliver more efficiency, more results, more reliability, and more cost savings to our clients. Reach out to us if you’d like to experience the Power of More.