Healthcare Industry Governance and Compliance
Healthcare Institutions face a daunting governance challenge today. Whether you're a provider or a payor, your organization is managing an ever-increasing amount of electronic patient data. With today's competitive pressures, you have to manage your operations in a cost-effective manner while ensuring compliance with increasingly stringent regulations and industry standards.
Polivec's unique integrated solution provides the platform to effectively address new and changing regulations and standards such as - HIPAA (Health Insurance Portability and Accountability Act) - Medicare - Stark (Physician self-referral law) - and JCAHO (Joint Commission on Accreditation of Healthcare Organizations)
Polivec's industry-leading policy risk analysis and management capabilities help you implement appropriate policy and compliance measures to improve audit readiness and provide documented proof of internal process and employee communication.
Polivec provides the following benefits for Healthcare Institutions:
- Creates a comprehensive governance baseline and reduces operational risks, material risks and compliance/audit costs;
- Incorporates market-leading management and corrective-action features -- tailored to healthcare industry regulations and agency oversight, such as HIPAA 45 CFR Part 164;
- Provides up-to-date regulatory content library to minimize deployment costs and ensure your dynamic operations comply with an ever-changing regulatory environment;
- Documents operational interpretation of often-vague or general regulations;
- Solves administrative, physical and technology compliance challenges with a single solution.
Polivec's Enterprise Governance Solution -- integrates and controls all aspects of governance. The cornerstone of the solution is the unique Policy Center – it allows officers to create and store policies that fulfill regulations. All required procedures and tasks, needed to fulfill those policies, across all corporate organizations, people, processes and systems, are housed in one place. The Center determines who has access to the information, and who has reviewed and approved the policies.
Other parts of the Polivec Solution, inform appropriate employees, collect real-time data from all compliance activities, organize both automated and manual tasks, link the practices back to their specific policies and regulations, ensure that policies meet regulatory requirements, monitor the enforcement of all of the policies, highlight gaps in compliance, and signal management when any lapses occur so that they can be addressed immediately.
The Polivec Solution integrates all the compliance data from end-to-end in one seamless software platform. The Solution incorporates state-of-the-art programming language, development techniques, and utilizes industry standard relational databases. Investments in current point solutions are also protected. If a firm has existing compliance software, this can be immediately integrated into the Polivec Solution. The Solution is designed to accommodate implementations, in specific functional areas along with specific regulations, and then grow to encompass all functional areas, over time, as new regulations and policies are phased in.
The Solution gives you an integrated, enterprise view of all governance activities and allows you to manage risk, reduce cost, minimize complexity and protect your current investments in compliance.