To assist with compliance program assessment, industry best practice suggests?

Utilizing a tool that examines each of the seven essential elements is a best practice for compliance program assessment because it provides a structured and comprehensive approach to evaluate the effectiveness of the compliance program. The seven essential elements typically include policies and procedures, a designated compliance officer, training and education, communication, monitoring and auditing, enforcement and discipline, and response and prevention. By systematically assessing each element, organizations can identify strengths and weaknesses, ensuring that they address any gaps in compliance effectively.

This thorough examination supports the development of a more robust compliance culture and helps organizations uphold ethical standards and regulatory requirements. Engaging with all aspects of the compliance program through this framework also facilitates ongoing improvement, making it a critical strategy for organizations aiming to maintain compliance with regulations such as HIPAA and EMTALA.