Compliance Strategy and Solutions
What's at stake?
The current regulatory environment
CMS is applying more pressure than ever by seeking larger and increasingly more frequent Civil Money Penalty (CMP) actions.
In total, the CMS imposed more than $13 million worth of fines on private Medicare insurers and prescription drug plan companies last year, compared with $4.9 million in 2014.
The weakest links in the compliance chain
ANOC & EOC documents and content are proven to be among the highest risk areas leaving organizations vulnerable to serious noncompliance actions, sanctions and terminations.
The most common fails include inaccuracies, omissions, inconsistencies and timeliness often resulting in high-impact actions, sanctions and possible terminations.
Your best defense... Arvato compliance solutions
Arvato has assisted healthcare companies in employing strategies to meet compliance requirements and improve time to market while reducing costs. CMS and ACA requirements are integrated up to the moment, automating and generating compliant documents within secure collaborative environments.
Our suite of solutions were built from the ground up to resolve noncompliance surrounding “inaccurate or untimely information provided about health and drug benefits” as described in the Relevant Disclosure and Information Dissemination Requirements Pursuant to 42 C.F.R. § 422.111(a) and § 423.128.