Profit Center Compliance: Doing it Right
Every organization, regardless of what type, its size, what industry or community cause, is required to follow privacy and fraud laws. There are a minimum of two-five depending upon state and federal regulations. The good news is that they all have the same basic steps resulting in one effort covering them all. The rally cry is that they are unfunded mandates that create costs. The best news is that several of the steps are identical steps used for growth creating a return on investment not only for compliance but a better bottom line.
M2Power Inc:
- Eliminates the entrenchment mentality that prevents employees from seeing the holistic picture
- Keeps the budget for compliance simple and part of the profit center
- Provides business and tax advantages
- Shows employee how it works in their jobs
- Maximizes staff functions and value
- Builds trust internally and with vendor partners
- Provides peace of mind to customers, stakeholders, and staff
- Provides clear sets of objectives for growth and compliance
- Reduces labor costs, liability, PR, supply and process costs and increases effectiveness
- Offers confidential hotlines
Assigns a compliance officer that:
- Is On-Call and On-site appropriately
- Establishes policies & procedures
- Educates staff
- Mitigates, Monitors, and Investigates breaches
- Collaborates with C-Suite management, BODs, & Owners
- Collaborates with IT, legal, accounting, and Insurance
Provides Mitigation, Monitoring, and Audit
- Undercover Patrol
- Privacy, HIPAA, Billing
- Surprise and routine
- Hotline