Importance of Compliance Programs
The U.S. Department of Justice (DOJ) and the Office of Inspector General (OIG) have evaluated the significance of compliance programs to incentivize people to do the right thing, show integrity in compensation and evaluations, and maintain independence in compliance offices. A compliance program is crucial for organizations to avoid fines and penalties, and they need to adhere to the guidelines to cover prevention, detection, and response.
Risk Assessments and Third-Party Compliance
Compliance professionals in organizations generally earn less than other medical professionals, but the prevention of issues is essential. Risk assessments are critical to detecting problems early, and third-party compliance should also be evaluated. Organizations must demonstrate the value of the compliance program by preventing fines and penalties, enabling them to allocate resources appropriately.
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