Corporate compliance in healthcare is the disciplined process of ensuring your organization is following the many rules, regulations and laws that govern our industry. To ensure Fenway as an organization remains on top of all regulations, and that our staff members interpret the increasing numerous and complex rules and act accordingly, we have enlisted a well-known national organization, Feldsman Tucker Liefer Fidell, LLC., to review our status and make recommendations for us to be “best practice.” The result of their evaluation is a comprehensive work plan to be rolled out over the next 12 to 18 months.
Key components of a corporate compliance plan are:
- development of policies to promote compliance
- a person responsible to the organization and to the board on all compliance matters
- reporting systems (like our recently introduced Red Flag Reporting Employee Hotline)
- formal education and training
- ongoing auditing and monitoring
- development of policies to enforce standards of conduct
- process for implementing corrective action plans
Most importantly, a proper compliance program ensures ethics and standards of conduct are adhered to.
It is the intent of Fenway to hire a full time compliance officer who will have dual reporting to the board and the CEO. That position will be filled by the permanent CEO. In the meantime, a committee of individuals whose roles focus on compliance, quality, IT security, research compliance, etc., have been appointed and they will use the work plan to begin implementing changes that have been prioritized.
Under the direction of interim chief of staff Jane Powers, the team of Alicia Anderson, Sue Kelley, Jon DiBiasio, Amy Ben-Arieh, Frank Zola and Robb Johnson will oversee progress in the short term.
Want to receive email updates about what’s happening at Fenway Health and AIDS Action? Sign up here.