Duties of Compliance Officer

May 11, 2015
Outsourced Compliance Officer

Direct Support to Compliance Programs

Generally, Compliance Officials are overloaded with responsibilities, duties and obligations yet not able to include staff. This issue can grow bigger consequently from the ever-altering regulating and enforcement atmosphere. Furthermore, the popularity for healthcare organizations to achieve the compliance officer assume responsibility because the HIPAA Privacy Officer also contributes to this issue. Proper Management provides support to Compliance Officials in lots of forms including:

  • Advisory services for that internal control over the compliance program
  • Function as the Designated Compliance Officer or temporary Interim Compliance Officer to fill gaps within the management and operation from the compliance program until a brand new hire is created or
  • Provide Co-sourcing because the supplemental support of tasks or procedures under direction and management through the Compliance Officer.

If you'd like to go over getting direct support for the compliance program, please contact professionals at Proper Management today. You are able to give us a call at (703) 683-9600 or complete our online contact page.

Compliance Office Only (In-Sourcing)

Relatively couple of Compliance Officials would candidly condition they've sufficient assets to satisfy all of their duties within the ever-altering legal and regulating atmosphere. The burdens from the job also have elevated as a consequence of executive leadership and Board oversight committees are earning new calls for proof of compliance program effectiveness. If all of this wasn't enough, many organizations recently have designated the Compliance Office responsibility for HIPAA Privacy compliance which brings an entire selection of new duties. However, everything is handled in-house, using consultants only from time to time for advisory services or evaluation from the compliance program.

Outsourcing the Compliance Program

Some organizations choose that employing consultants to help directly at the same time and control over their compliance program is the greatest approach. You will find three versions about this (a) having a consultant being an Interim Compliance Officer (ICO) throughout a transition period, (b) engaging an advisor is the Designated Compliance Officer (DCO) to handle the compliance program, and (c) Outsourcing all areas of the Compliance Program to some talking to firm.

Source: compliance.com
Financial Compliance Training: Segregation of Duties
Financial Compliance Training: Segregation of Duties ...
Duties and Responsibilities of a Compliance Specialist
Duties and Responsibilities of a Compliance Specialist
Share this Post