Healthcare
Often there are too many things to measure and reports with too many pages going to senior management. The good stuff that’s really needed is buried and not read by management. LogicERM provides a SMART Monitoring solution to this problem enterprise-wide so that senior management can easily focus on what is important.
The LogicERM library includes specific indicators and templates to address the needs of hospitals, managed care organizations and health insurers to manage their assessments, process capabilities and audits.
For example, medical malpractice can be a significant source of liability. Good risk management prevents these types of incidents, but also creates policies to get the patient a check before they depart the hospital if an incident should occur—a settlement at a fraction of the price of a medical malpractice suit. LogicERM is about identifying all the risks on the front line, like this one, and applying this same proactive principle to all business processes throughout the organization.
Organizations face strategic issues of rising administrative costs, benefits collection and a litigious environment as well as addressing fraud and abuse events, compliance, complex billing procedures and log and track incidents. Regulatory compliance requirements and industry standards include The Joint Commission, HIPAA, Medicare & Medicaid, Sarbanes Oxley Act (SOX) and other national and state regulations.
Register to learn how an ERM infrastructure applies to your specific industry.