FOR IMMEDIATE RELEASE
PolicyMedical Unveils Integrity Manager Enabling Healthcare Organizations to Minimize Risk of Costly OCR/OIG Fines
Real-time data surveillance for healthcare exclusions and sanctions management
Toronto, Canada – April 25, 2017 – PolicyMedical, a leading provider of cloud-based healthcare regulatory compliance software, today announced the general availability of Integrity Manager, a SaaS-based risk management monitoring software solution that automates exclusions/sanctions screening and credentials checking of vendors, business associates, employees and contract workers. Powered by proprietary algorithms, Integrity Manager provides a comprehensive and continuous search for excluded individuals or entities across more than 42 Federal and State databases in real-time. The solution also allows organizations to conduct HIPAA and security risk assessments on vendors managing PHI data in a continuous closed loop fashion further providing compliance and assurance services.
Integrity Manager is the only comprehensive risk, security and compliance solution for covered entities, business associates, vendors and employees that enables Chief Security Officers, Quality, Risk, and Compliance professionals to comprehensively automate and streamline real-time integrity checks and audits. It provides a single source of truth for business associate relationships enabling healthcare organizations to be HIPAA compliant.
With Integrity Manager, healthcare organizations can:
- Automate exclusions, sanctions, and employee verification checking
- Eliminate manual searches across a litany of databases or through third party vendors
- Centralize all information in a single data repository
- Initiate and conduct risk assessments on any vendor managing Protected Heath Information (PHI)
- Enjoy 24/7 monitoring and tracking for real-time results and corrective actions
- Access information anywhere, anytime through the user-friendly dashboard and feature sets via web browsers or mobile environments
- Improve operational efficiencies realizing significant time and expense savings
“Maintaining and initiating a strong compliance oversight process for third party vendors can be difficult and costly”, stated Virginia-Maria Weldon, Practice Manager – Security & Compliance, The Vantage Group, LLC. “Leveraging technology solutions like Integrity Manager has an immediate impact on the ability of organizations to automate and streamline the oversight of vendors and employees in a more comprehensive and cost effective manner. With the right strategy and technical toolsets, healthcare organizations can minimize compliance and security risks while increasing business outcomes.”
With 90% of hospitals having reported a breach in the past two years and the heightened focus on patient data security and privacy, hiring the wrong Business Associate, Vendor, and/or Employee can have severe impact on healthcare organizations, who today are prohibited from hiring or doing business with excluded or sanctioned individuals or entities. Integrity Manager allows an organization to more easily meet compliance requirements of both the OIG and Office for Civil Rights (OCR). No other comprehensive solution is available on the market today.
“PolicyMedical is committed to helping healthcare organizations strategically improve the way they do business by automating how they are managing business associates, vendors, employee and contract workers to avoid costly exclusion and sanctions penalties and HIPAA violations which can affect immediate and long term revenue as well as brand reputation,” said Dr. Sanjaya Kumar, Chief Medical Officer, PolicyMedical. “Several studies have reported that breaches involving Business Associates account for more than 25% of all HIPAA breaches.”
Integrity Manager seamlessly integrates with PolicyMedical’s PolicyManager™ and Contracts Manager to provide healthcare organizations with one cloud-based unified policy, contracts, vendor and employee management solution. The ability to leverage the single sign-on and easy-to-use interfaces significantly increases productivity, and operational efficiencies.
View the on-demand webinar “Minimizing the Risk of Third Parties and Contractors” for further insights into how technology paired with the right strategies can help you reduce your risk, increase productivity and cut costs.
Trusted by more than 3000 healthcare organizations, PolicyMedical is a leading provider of cloud-based enterprise-class healthcare regulatory compliance software solutions designed to reduce administrative burden and enhance patient safety. We were founded in 2001 with the vision to make people happy and healthy by reducing the stress, and anxiety related to policy, contract, vendor and employee management. Our customers include Dignity Health, Kindred Healthcare, Baylor Scott & White Health, Advocate Health Care and others. To learn more, visit www.policymedical.com.
1-888-697-6331 ext. 734