Birmingham Medical News: Make a New Year's Resolution to Review and Update Your Corporate Compliance Plan

January 08, 2013
This article is reprinted with permission from the Birmingham Medical News.

Around this time each year, I like to remind my clients about matters they can address at the beginning of each year--a New Year's Resolution for the client, if you will. Last year, I focused on updating and revising HIPAA compliance plans (which, if you have not done so recently, is a good idea). Thus, this year, it seems only natural that I focus on updating and revising corporate compliance plans.

Compliance plans are written strategies, adopted by a healthcare provider, to assist in its day-to-day compliance with applicable laws and business policies. While compliance plans have historically been optional for healthcare providers, with the passage of the Patient Protection and Affordable Care Act, Congress has now mandated that healthcare providers who participate in a federal healthcare program implement a corporate compliance plan. Thus, an up-to-date and thorough corporate compliance plan is a necessity for any healthcare provider.

However, a compliance plan that is drafted without further review, revision, or implementation carries the same effect as having no compliance plan at all. Thus, to be effective and beneficial, all compliance plans should be periodically reviewed and revised to address changes in the law, operational changes, and past experiences. Why not make such review and revision your New Year's Resolution?

To read more about this topic, please see the link below:

Birmingham Medical News



Legal Disclaimer:
No representation is made that the quality of services to be performed is greater than the quality of legal services performed by other lawyers.

Featured Attorneys

send article

TESTIMONIALS

  • “Dwight is a very knowledgeable corporate lending attorney. He seems to have specific competencies around multi-bank and syndicated loans, and is fair and practical. He has a good awareness of not only legal aspects of representing a bank in a commercial loan transaction, but also an awareness of the distinction between legal and business issues and the practical implications of each."

    -Chambers 2012

  • "Rik Tozzi is celebrated for his varied expertise, including class actions."

    -Chambers 2007

  • “We deal with the maritime attorneys in the firm. They follow instructions well and submit timely reports. They are easy to work with and try to facilitate the best possible results. They have maritime expertise. Certain attorneys in the firm have committed their careers to the maritime industry.”

    -Chambers 2012

  • “A fantastic workout lawyer. He has a good reputation for helping clients in difficult situations.”

    -Chambers 2012

  • "Heather understands the big picture and unique dynamics of our multi-billion dollar investment portfolio. She effectively utilizes Burr Forman’s significant resources to ensure our interests are protected goals are achieved in a timely and cost effective manner."

    -Anonymous