Monitoring of third parties

Betsy Wade

Betsy Wade

By Betsy Wade

Betsy Wade (bwade@signaturehealthcarellc.com) is the Chief Compliance and Ethics Officer at Signature Healthcare in Louisville, KY.

As healthcare providers continue to outsource functions such as health information management, information technology, revenue cycle, and others, it is important for compliance officers not only to be involved in the due diligence process but also the ongoing compliance effectiveness assessment of third parties that contract with their healthcare providers.

The Office of Inspector General (OIG), in conjunction with the Health Care Compliance Association (HCCA) recognized the importance of third-party risk management in 2017 when it published Measuring Compliance Program Effectiveness: A Resource Guide.[1] The Department of Justice (DOJ) Criminal Division followed suit three years later with updates to its Evaluation of Corporate Compliance Programs that focused extensively on third-party oversight.[2]

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About SCCE

The Society of Corporate Compliance and Ethics (SCCE) is a non-profit, member-based professional association. SCCE supports our members' work with education, news, and discussion forums. We are a community of leaders, defining and shaping the corporate compliance environment across a wide range of industries and geographic regions. In developing and maintaining effective ethics and compliance programs, our members strengthen and protect their companies.

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About HCCA

The Health Care Compliance Association (HCCA), is a 501(c)6 non-profit, member-based professional association. HCCA was established in 1996 and is headquartered in Minneapolis, MN. We provide training, certification, and other resources to over 10,000 members. Our members include compliance officers and staff from a wide range of organizations, including hospitals, research facilities, clinics and technology service providers.

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