ProviderTrusts’s flagship solution, OIG Exclusion List Service performs healthcare exclusion monitoring as required by Health and Human Services (HHS)—maintaining and managing professional credentials and professional license documents. By mechanizing OIG exclusion check lists, ProviderTrust prevents the healthcare organizations from employing an excluded provider and employee. “Such services involve paper tracking and verification as well as searching public record, therefore we follow ongoing compliance to assure the practitioner is continuously qualified,” he adds. The firm has integrated a single program for exclusion check, license verification, and vendor proofing, which enables composed data for structured compliance of the program that establishes a protected ground for the respective organizations.
To meet the demands of healthcare professionals, ProviderTrust offers solutions for managing the vendor risk, ensuring that the providers do not create a potential to negatively harness the business performance. “Managing risk is no easy task, but a successful vendor risk management strategy is an important step to take. It ensures the overall compliance of your organization,” says Christopher Redhage, Co-Founder, ProviderTrust. “In healthcare, not only are organizations liable for the inherent risk associated with its own employees and
ProviderTrust enhancing OIG background checks has been leveled high for team effectiveness and trust for senior leaders and managers in a recently conducted employee survey. The companies were ranked according to their overall composite score; this is one of the major factors that allow them to stand apart from other compliance providers.
For instance, a healthcare organization recognized the need for exclusion monitoring and sanctions screening, when they discovered that the records were not up to the standards and the liabilities to the risks were higher, they collaborated with ProviderTrust. With the help of ProviderTrust, the client was able to solidify their exclusion monitoring process on an automated platform to achieve transparency throughout the organization. Summit Healthcare chose ProviderTrust’s basic software with the nationwide exclusion package because it includes features that are critical for the success of their compliance strategy. “The ProviderTrust sales team not only knew the regulations, but also made the presentation gratifying and engaging,” says Christine Conner, Summit Healthcare.
Managing risk is no easy task, but a successful vendor risk management strategy is an important step to take to ensure the overall compliance of your organization