Tips for identifying risks
Healthcare Auditing Weekly, March 13, 2007
The process of identifying compliance risks does not have to be costly--one often can identify risk exposures by reading the newspaper headlines.
For example, if the papers have recently been flooded with articles related to not-for-profit hospital systems facing class action lawsuits for their methods of billing and collecting from uninsured patients, then perhaps this emerging risk should be added to your organization's risk universe.
Although the process of identifying risk exposure does not have to be costly, it does need to be documented and formal.
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