For Compliance, Risk, and Governance teams
Gain control and efficiency with our comprehensive dashboard
Effortlessly centralize document and file management securely
Organize and streamline activities with automated scheduling calendar
Empower compliance with timely notifications, alerts, & deadline tracking
Ensure timely response, accountability, and risk mitigation through escalations
Gain compliance control, mitigate risks, & save time with framework library
Streamline assessments. enhance collaboration, ensure compliance.
Strengthen accountability, compliance, and transparency with audit logs
See our platform in action for free. No credit card required!
Efficiently manage GRC using your everyday tools
The Ultimate Agile Solution for Compliance Teams
Goin 360-degree visibility with intuitive compliance dashboard
Stay informed and proactive w ith notifications & alerts
Simplify file and document management with ease
Automate compliance workflows for seamless efficiency
Streamline compliance with customizable framework library
Enable collaboration across locations, departments, and teams
Centralize compliance work for streamlined efficiency
Goin actionable insights with robust reporting feature
The Essential Solution for Empowered Risk Managers
Identify and track risks using the centralized risk register
Enable collaboration across stakeholders for better resolution
Streamline risk assessment with process automation
Enhance risk visibility with intuitive and centralized dashboard
Establish connection across teams, departments, and locations
Elevate risk awareness through proactive notifications
Manage files & evidence centrally for efficient control
Enhance decision-making with actionable risk insights
An Unparalleled Solution for Policy Management Teams
Efficient policy distribution through central repository
Streamline policy drafting and lifecycle management for simplicity
Simplify compliance with comprehensive policy templates
Simplify policy management with efficient version control
Accelerate policy approvals with automated processes
Collaborate seamlessly with cross-functional teams
Effortlessly measure policy training effectiveness with assessments
Manage policy life cycle with automated reminders and notifications
The Complete Solution for Empowered and Efficient Audit Teams
Maintain transparency and accountability with audit trails
Organize and streamline audit with automated scheduling and calendar
Centralize audit files for streamlined evidence collection and management
Stay informed with proactive audit activity notifications & alerts
Streamline audit assessments for comprehensive compliance
Bring audit plans, activities into the single space for complete control
Simplify audits with automated workflow efficiency
Gain 360-degree visibility with intuitive Audit dashboards
Empowering success through streamlined compliance, risk, and governance solutions
Empower your business with simplified regulatory compliance solutions
Empower your enterprise by elevating risk management practices
Transform GRC operations for optimized efficiency and effectiveness
Mitigate risks with seamless third-party risk management
Check out our comprehensive guides for seamless management!
Empower your business with pre-built customizable regulatory and control frameworks
Achieve quality success through ISO 9001 Framework
Deliver compliance excellence with the power of SOX framework
Simplify your security approach with ISO 27001 framework
Navigate cybersecurity excellence with NIST framework compliance
Promote data security through compliance with PCI DSS framework
Unlock trust and security with SOC 2 framework for compliance
Empower your industry with unmatched effectiveness and efficiency
VComply for the Financial Services Industry
VComply for the Manufacturing Industry
VComply for the Banking Industry
VComply for the Non-Profit Industry
VComply for the Higher Education Industry
VComply for the Food & Beverages Industry
VComply for the Healthcare Industry
VComply for the Construction Industry
Stay connected and grow alongside VComply
Stay informed on compliance, risk, audit, and policy management trends
Streamline work with comprehensive guides for seamless management
Navigate complex GRC challenges with valuable e-books
Discover user stories for valuable insights into user-experiences
Access comprehensive definitions and explanations for essential GRC terms
Gain a comprehensive understanding of the features, benefits, and capabilities
Discover insights from experts on the latest happenings in GRC
Learn tips, tricks, and insights to make compliance work for your organization through our expert webinars!
Utilize our go-to templates and checklists to help you stay compliant
Keep in sync with the latest changes by updated framework templates
Get compliance assistance through VComply compliance checklists
Download policy templates that you use to create guidelines and processes.
Discover the power of VComply through our detailed use case guides
Get to know what make VComply the best GRC platform on the market
Discover VComply's value, mission, and vision for better GRC future
Stay informed about VComply and GRC industrylatest updates
Join VComply, redefine compliance, unleash potential
Know about our partnership program
Get to know our board of advisors
Our legal terms of services and privacy policy
Stay up to date on the latest VComply news
VComply offers unparalleled Sales and Customer Support
Send us your sales queries and let us know your needs
Get 24/7 quick and dedicated support anytime
Lets get social
Follow us on LinkedIn for company updates
Join VComply on Twitter for live updates
The concept of compliance has undergone significant changes; the number of regulations, fines, penalties, and reporting requirements related to compliance and environmental, social, and governance (ESG) issues have also increased rapidly.
Compliance and risk management scope cover several areas, including data protection in human resources, tax and corruption guidelines in finance and sales, and website compliance in digital marketing. In today’s world, companies are influenced by numerous regulations, directives, and laws that internally and externally shape their day-to-day operations. The stakes are high because non-compliance can result in severe consequences like penalties, reputational harm, and public scandals.
Compliance has become a crucial aspect of operations for organizations across various industries. Compliance in healthcare carries greater importance than in other industries, given the sensitivity of patient health information and the potential risks associated with healthcare services.
The healthcare industry is a critical infrastructure, and government regulators will set higher expectations. To demonstrate compliance, organizations must provide evidence and proof of relevance in addition to documentation. The ultimate aim is to validate adherence to regulations.
Regulatory bodies will continue to enforce healthcare regulations and standards, leading to increased scrutiny of healthcare organizations. This underscores the importance of compliance programs and risk assessments to identify potential areas of non-compliance and address them promptly.
Organizations can adopt frameworks from respected bodies such as the National Institute of Standards and Technology (NIST) and the International Organization for Standardization (ISO) to establish an effective IT risk management program. These frameworks provide crucial controls, standards, policies, and guidelines.
Regulators will increase pressure on entities that receive federal funds via Medicare to prevent fraud, waste, and abuse. From 2023, scrutiny and oversight will intensify, necessitating the proper justification of billing processes supported by adequate documentation. Being proactive in scrutinizing business associates and implementing clear billing and coding procedures will help avoid fines and damage to reputation.
An important area of focus is the HIPAA Right of Access Initiative, which allows patients to access their medical records promptly without being inappropriately charged by the covered entity. Currently, a covered entity must provide access to medical records information within 30 days of a patient or representative’s request. In most cases, it may request a 30-day extension.
The proposed modifications to the HIPAA Privacy Rule include shortening the response time to “as soon as practical,” but in no case exceeding 15 calendar days from receipt of the request, with an optional extension.
Additionally, the No Surprises Act protects patients insured by certain health plans from receiving surprise medical bills when receiving care from out-of-network providers at in-network facilities. It established an independent dispute resolution (IDR) process to solve the legal challenges arising from the arguments between providers and customers regarding bills.
Finally, the Dobbs vs. Jackson Women’s Health Organization decision by the Supreme Court created confusion around the HIPAA Privacy Rule and what a healthcare professional can and cannot do moving forward, particularly in relation to disclosing protected health information (PHI) without patient authorization for non-healthcare-related purposes, such as disclosure to law enforcement. In response, the Department of Health and Human Services (HHS) issued guidance in June 2022 to clarify how the HIPAA Privacy Rule limits access to private medical information related to abortion and other sexual and reproductive healthcare held by HIPAA-covered entities.
Healthcare data is growing in high volume and value. Often, this data is duplicated and used by private healthcare agencies, insurance companies, government bodies, etc. In many organizations, this data is fragmented across various formats such as spreadsheets, scanned documents, pen and paper, images, databases, etc. Mostly, there are many sources of truth for medical data.
If the data is scattered, it results in data discovery challenges and makes it difficult to achieve regulatory requirements and timely audits. The most crucial factor is that the medical and patent data is sensitive. Fortified Health Security, a healthcare cybersecurity firm, has reported that over 19 million records were exposed in healthcare data breaches in the first half of 2022. Of all the breaches, 15% were attributed to unauthorized access and disclosure.
In the most regulated industry, healthcare organizations need to adhere to various government regulations related to data protection, such as USA Health Insurance Portability and Accountability Act (HIPAA), The Health Information Technology for Economic and Clinical Health (HITECH) Act, etc. HIPAA gives the power to customers over their data. If they change their health insurance from one company to another, they can do it without their Healthcare being compromised.
Unfortunately, healthcare providers face various challenges in establishing data governance. They are:
Healthcare is about providing health services to people. Delivering a comfortable experience is very important in the healthcare business. Talent shortage can cripple compliance in a healthcare organization, which can cause quality issues, incidents, and medical staff unrest. One area of improvement for members of healthcare organizations would be sorting out talent and skill shortages. The healthcare industry is growing fast and facing acute staffing shortages.
Ensuring patient safety and security is of utmost importance for healthcare facilities, and this can be challenging due to the shortage of skilled nurses and practitioners. To mitigate risks, healthcare organizations must prioritize creating a culture that motivates workers to remain in their roles and provides them with the necessary tools and training to uphold patient safety. Improving the industry’s talent shortage requires redesigning the healthcare talent management model, investing in recruitment, and developing trust in the leadership team. The talent acquisition team needs to tackle the growing talent shortage challenge proactively. The training and development teams must implement training and development programs to grow talent. Address the skill gap with mentorships, training, and partner programs.
Even with the best intentions and rigorous compliance programs, human errors can still occur, leading to significant consequences. In 2023, healthcare organizations need to be aware of the risks associated with human errors in compliance and take proactive steps to mitigate them. Here are some of the most common human errors in compliance and solutions to minimize their impact.
Carelessness and negligence are common human errors in compliance that can have serious consequences. Employees may fail to follow established procedures or cut corners to save time or effort, leading to errors or violations. Misinterpretation of regulations is another common human error in compliance. Employees may not fully understand the regulations and standards, leading to unintentional violations or errors.
One of the most common human errors in compliance is a lack of communication and training. Employees may not be fully aware of the policies and procedures in place or may not have received adequate training to comply with them.
Carelessness and negligence are common human errors in compliance that can have serious consequences. Employees may fail to follow established procedures or cut corners to save time or effort, leading to errors or violations.
Healthcare companies must comply with various environmental regulations related to handling and disposing of hazardous materials and waste, including regulations set by the Environmental Protection Agency (EPA).
Healthcare organizations need to take proactive steps to minimize compliance risk, including prioritizing communication and training, establishing a culture of compliance, providing clear guidance on regulations and standards, and promoting employee wellness. Healthcare organizations can protect patients, employees, and their bottom line by doing so.
Many healthcare organizations are turning to automation and digitalization to overcome these challenges and improve compliance. Technology can help reduce costs by reducing manual tasks, minimizing errors, and increasing efficiency. Automated systems can also help reduce administrative costs by streamlining processes.
Pick a cost-effective GRC system that allows you to establish internal controls to alleviate your digitalization risks. Map each of your risks to internal controls. It also helps you streamline your compliance and governance processes. Request a demo today to learn more about how VComply can help your business.
Ready to set up a trial of VComply and automate your compliance process?