Assignment: Corporate Compliance Officer

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Assignment: Corporate Compliance Officer

Assignment: Corporate Compliance Officer

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corPorAte comPlIAnce offIcer

Most organizations have a corporate compliance officer (CCO) in their senior management team. The final compliance program guidelines for hospitals issued by the US Department of Health and Human Services (HHS) Office of Inspector General (OIG) in 2003 list the appointment of a CCO as a critical element of any corporate compliance plan. Section 6401 of the Affordable Care Act (ACA) requires every healthcare entity to have a corporate compli- ance plan and officer; however, specific deadlines for every entity have not been published in federal regulations (HOLC 2010). Healthcare compliance officers usually report directly to the CEO or board and are traditionally seen as peers of the CFO (Doody 1998). CCOs are typically responsible for conducting compliance reviews (to assess how well the organization complies with fraud and abuse laws), investigating potential fraud and abuse problems, and

examining relationships and contracts for possible illegal provisions. In organizations that do not have a CCO, COOs, staff or retained attorneys, or CFOs perform these functions. Because no education, certification, or licensure is required for CCOs, CEOs have tended to seek individuals who understand the legal issues involved with compliance and exhibit the following personal characteristics that might support the compliance functions (Doody 1998):

In its 2015 survey of compliance officers, the Health Care Compliance Association found that more than 60 percent of compliance officers had an advanced degree, includ- ing 18 percent with a JD degree, and that the average total compensation for compliance officers was $133,677 (HCCA 2015).

cHIef InformAtIon offIcer

Given the increasing importance of clinical information systems, the role of the chief information officer (CIO) is growing. Typically reporting directly to the CEO, the CIO is responsible not only for providing management oversight to all information processing and telecommunications systems in the organization but also for assisting senior management in using information in management decision making (Smaltz, Glandon, and Slovensky 2013). The responsibilities of CIOs include e-commerce, e-health, and other web-based and multimedia technologies; business-service formats to respond tactically to strategic business initiatives; and outsourcing of all or a portion of the information technology departments. As CIOs become an accepted part of the executive team, leadership skills will become more important and technology skills will become less important. In fact, CIOs have delegated many of their technology responsibilities to chief technology officers.

PrIvAcy offIcer

The Health Insurance Portability and Accountability Act of 1996 (HIPAA) mandated pri- vacy and security regulations for the healthcare industry. HHS’s final rule on privacy, which

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