Atlanta, GA (PRWEB) December 12, 2011
Compliance 360 (http://www.compliance360.com), bringing order and efficiency to the complexity of compliance, today announced that it has automated the CMS Compliance Program Effectiveness Self-Assessment Questionnaire within its Compliance 360 system. The new tool is designed to better automate the management, assessment and reporting processes for insurance companies that participate in Medicare programs. Compliance 360 will host an online demonstration of the new functionality on Tuesday, Dec. 13, at 2:30 p.m. ET: http://www.compliance360.com/Mailers/2011_12_WebDemo_MCSelfAssessment.asp
In July 2011, CMS created the self-assessment questionnaire to help insurance organizations evaluate and report on the effectiveness of their Medicare Advantage and Prescription Drug Benefit programs. The first to automate this CMS questionnaire, Compliance 360 is enabling insurance organizations to streamline processes and ensure nothing is overlooked as they maintain a continually audit-ready state.
The Compliance 360 system includes the CMS assessment questions defined in each of the seven element categories, as well as questions from its “Measuring Effectiveness of Your Compliance Program” section. For each question, the assessment will automatically create a task based on “Yes” or “No” answers. “Yes” answers result in tasks being created for linking evidence documents back to the requirement. “No” answers result in tasks being created to identify the compliance gaps and initiate remediation action. With 24/7-access to online dashboards and reports, compliance officers have access to their overall compliance status at any time.
WHAT: “CMS Managed Care Compliance Program Self-Assessments Automated in Compliance 360”
WHEN: Tuesday, Dec. 13, 2011, from 2:30 p.m.-3:30 p.m. ET
Compliance 360 frequently hosts free web demos and webinars that cover a wide array of GRC topics for organizations in regulated industries. Both vertical-specific and cross-industry, these resources provide invaluable education and advice on GRC news, challenges and best practices. Visit http://compliance360.com/webinars and http://www.compliance360.com/webdemos for access to on-demand webinars, web demos and information on upcoming events.
About Compliance 360
The original Governance, Risk and Compliance (GRC) software company born in the cloud, Compliance 360 brings order and efficiency to the complexity of enterprise governance, risk management, compliance and audit management. Compliance 360’s software and services enable people to organize and control their internal processes to ensure compliance and minimize risks to their business performance, corporate image and shareholder value. The cloud-based Software-as-a-Service (SaaS) design and delivery allows all this to happen securely with minimal IT infrastructure costs. The Compliance 360 family of GRC software applications includes regulatory compliance software, policy management software, internal audit software, incident management software, ERM software and a wide variety of specialty applications. More than 250,000 professionals every day in financial services, insurance, healthcare, distribution and other regulated industries rely on Compliance 360 to protect their reputations and brands. See http://www.compliance360.com for more.