Description
Wolters Kluwer ComplyTrack
Empowering the Next Generation of Healthcare GRC
Executive Summary
The healthcare organization fails when risk and regulatory issues are addressed as a system of parts that do not integrate and work as a collective whole. Disassociated data, systems, and processes leave the healthcare organization with fragments of the truth that are never pieced together until disaster hits. They seek to see the interconnectedness of risk while managing dynamic regulatory compliance in an evolving business environment. Today’s dynamic, distributed, and disrupted environment requires healthcare organizations to have complete situational awareness of GRC across operations, processes, and relationships. Complexity of healthcare requires that the organization have an integrated approach to GRC processes and information in a common information and technology architecture.
ComplyTrackTM is a GRC offering that GRC 20/20 has researched, evaluated, and reviewed with healthcare organizations that are using it in complex, distributed, and dynamic healthcare environments. ComplyTrack is the new architecture and expansion of the legacy ComplyTrack platform built specifically for healthcare GRC operations that puts together the big picture of GRC in a healthcare organization. ComplyTrack enables the healthcare organization to measure, monitor, understand, and respond to the range of requirements and issues it faces across the organization and its operations. With Wolters Kluwer Healthcare Compliance & Reimbursement Research Products, an organization gets a harmonized regulatory requirement content feed that is kept current through healthcare legal and compliance professionals within Wolters Kluwer. GRC 20/20 has interviewed and engaged several ComplyTrack clients and finds that ComplyTrack has helped them in streamlining the management and resolution of incidents and issues to maximize their GRC resource efficiency, effectiveness, and agility.
Table of Contents
- Healthcare: Changing Environments and Fragmented Processes
- Fragmented Processes & Islands of Information Compound the Problem
- Wolters Kluwer ComplyTrack
- Empowering the Next Generation of Healthcare GRC
- What Wolters Kluwer ComplyTrack Does
- Consderations in Context of Wolters Kluwer ComplyTrack
- GRC 20/20 Research, LLC
- Research Methodology
Author
Michael Rasmussen – The GRC Pundit @ GRC 20/20 Research, Michael Rasmussen is an internationally recognized pundit on governance, risk management, and compliance (GRC) – with specific expertise on the topics of GRC strategy, process, information, and technology architectures and solutions. With 23+ years of experience, Michael helps organizations improve GRC processes, design and implement GRC architectures, and select solutions that are effective, efficient, and agile. He is a sought-after keynote speaker, author, and advisor and is noted as the “Father of GRC” — being the first to define and model the GRC market in February 2002 while at Forrester Research, Inc.
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