Diversified Service Options (Diversified) Goes Live with Osprey’s Conflict of Interest COI RiskManager™

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Osprey COI RiskManager™ Automates Disclosure Management and Facilitates Compliance

Manage and track Conflict of Interest COI disclosures

We implemented Osprey COI RiskManagerTM for its ease of use, functionality, and scalability.” says Tom Anderson, the Vice President, Chief Legal and Compliance Officer for Diversified.

Osprey Software Solutions, a software development company focused on the creation of fully-integrated, forward-thinking enterprise solutions, announced today that Diversified Service Options, Inc. (Diversified), a wholly-owned subsidiary of Blue Cross and Blue Shield of Florida, Inc. is using the Osprey COI RiskManager™ system to solve their demanding conflict of interest compliance needs. Osprey COI RiskManager™ will efficiently capture, track and report the required disclosures for several thousand employees across its enterprise.

“We implemented Osprey COI RiskManager™ for its ease of use, functionality, and scalability.” says Tom Anderson, the Vice President, Chief Legal and Compliance Officer for Diversified. “With thousands of users across multiple locations, it was imperative to have a system that is flexible, user-friendly, straight-forward and could be implemented quickly and easily. Osprey’s team understands our unique requirements and is dedicated to ensuring our success.”

Osprey COI RiskManager™ is configurable and easy to deploy. It promotes participant compliance and improves organizational effectiveness. Participants are guided through focused, interactive questionnaires that dynamically prompt them only for necessary information. Additional information is requested only when a potential conflict is detected. The postponement and reminder features enable participants to complete the information at their convenience which improves compliance levels.

“We’re excited to bring Osprey COI RiskManager™ to Diversified.” says Chris Cazer, CEO of Osprey Software Solutions. “We are pleased that Diversified determined that our solution offers the tools, features, and unique user interface that they need to ensure their regulatory compliance.”

Osprey’s COI RiskManager™ also features comprehensive mitigation management functions that allow organizations to resolve potential conflicts and store all minutes in one place.
By using Osprey COI RiskManager™, government contractors, universities, hospitals and medical organizations see improved control and reduced risk by:

  •     Utilizing the system’s automatic detection and notification of potential conflicts
  •     Increasing compliance levels by making it easier for participants to complete forms
  •     Incorporating the organization’s unique requirements into the forms using SmartForms technology

About Diversified Service Options, Inc.:
Diversified Service Options, Inc. (Diversified), headquartered in Jacksonville, Fla, is a holding company for fee-for-service government health care companies that is wholly owned by Florida Blue, Florida’s Blue Cross and Blue Shield company. Diversified was created in 1998 to address the company’s long-term government business strategies.

About Osprey Software Solution:
Osprey Software Solutions is a premier team of experts in the design and development of complex business applications. Osprey has assembled one of the most highly-regarded teams of architects, engineers, and consultants in the software development business. The Osprey team has an outstanding track record in the design and delivery of large scale, advanced business systems in a variety of industries, including: Financial Services, Lending, Energy, Healthcare, and Defense.

Contact information:
For more information about Osprey COI RiskManager™, call Osprey at 518-203-3995 or contact(at)ospreyss(dot)com

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Michael Vidoni

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