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Healthcare providers are faced with a proliferation of compliance requirements related to their operational practices, service delivery procedures and records management. Regulatory compliance requirements and industry standards include JCAHO, HIPAA, Sarbanes Oxley Act (SOx) and other national and state regulations for patient safety.
MetricStream offers an integrated regulatory compliance solution for the healthcare industry for successfully meeting these requirements while lowering the associated costs that can otherwise be substantial. MetricStream Compliance Platform, a proven infrastructure for building compliance application, provides core modules and services to automate and streamline healthcare compliance and risk management processes.
Companies can use MetricStream solution for implementing quality and compliance programs through document control, compliance training, ongoing auditing, as well as recording and reporting issues and nonconformance incidents and the resulting corrective actions.
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By improving operational efficiencies in quality systems, MetricStream lowers the cost of regulatory compliance and creates a transparent environment for proactively identifying, tracking and resolving quality issues.
By leveraging MetricStream’s flexible control-hierarchy, organizations can define and maintain a centralized compliance structure with processes, risks, and controls documented for SOx compliance, IT governance, and other risk management frameworks. Assessments can be scheduled and assigned to test and document the effectiveness of controls. Once issues are identified and documented, a systematic mechanism of remediation and disclosure is triggered by the underlying workflow and collaboration engine.
Role-based dashboards, control diagrams, and scorecards provide visibility into the ongoing compliance efforts and bring high-risk areas into focus. The solution has the ability to track process ownership, assessment plans, remediation status, etc. on graphical charts with real-time information that can be accessed globally. Ability to drill-down to deeper levels of information with a single click provides an easy way to access the data at finer levels of detail.
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