NEW YORK, December 10, 2024 — Compliancy Group has launched an automated employee and vendor sanction screening tool for monitoring and verifying exclusion lists.
This release follows Compliancy Group’s recent partnership with SureShield, integrating their automated sanctions and exclusions software into Compliancy Group’s compliance platform, The Guard. This combined solution offers comprehensive regulatory compliance and exclusion verification management.
Compliancy Group’s software cross-references client employee and vendor data against 59 exclusion lists (including OIG LEIE, SAM, and FDA), providing regular updates. HRIS integration automates the creation of monthly employee lists, saving time.
Key benefits of Compliancy Group’s tool include:
- Automated exclusion list searches: scans across 59 lists, encompassing state, federal, and international databases.
- Employee and vendor identity verification: assesses the likelihood of an authentic match, aiding in verification and clearing potential matches.
- Sanction screening and investigation tracking: allows for note-taking and task creation to manage hits within the system.
- Real-time weekly scans: ensures up-to-date reporting by checking employee and vendor databases weekly.
- Cost-effective centralized management: consolidates exclusion verification, regulatory compliance, and security frameworks.
- HRIS integration: enables automatic exclusion list checks for new employees added to the HR system (requires purchase of HRIS integration and compatible HRIS).
The importance of exclusion list verification is underscored by the potential consequences of non-compliance. Organizations accepting federally funded insurance (Medicare, Medicaid, CHIP, etc.) that fail to screen employees and vendors risk repayment of claims processed by excluded individuals and potential future funding restrictions. Further repercussions may include reputational harm, substantial fines, contract loss, and imposed Corporate Integrity Agreements.
Exclusion Verification Resources
About Compliancy Group
Compliancy Group provides healthcare compliance software with a comprehensive toolset for tracking and managing compliance programs. It offers a clear compliance overview and facilitates the generation of reports to demonstrate compliance efforts.
CONTACT: Lauren Vetter,
SOURCE Compliancy Group