The Power of Analytics and Next Generation Internal Audit (Webinar Recording)

Businesses have to change to continue to succeed. Likewise, internal audit must continually add to its toolbox, train its people, and help evolve their ability to identify risks and support the business. For those organizations looking to expand their contributions, the next generation internal audit model outlines the four key pillars, which are:

  • Comprehensive risk assessments
  • Infrastructure-based data analytics
  • Flexible staffing and advisers with proper expertise
  • Effective communication and coordination

This session will take a deeper dive into the second pillar and how world-class healthcare organizations are using data analytics in high-risk areas to establish a deeper understanding and an actionable risk matrix. Also to be covered is how continuous monitoring can support traditional audit areas and how innovative organizations are using analytics in atypical areas, such as revenue cycle or physician practice billing. As a result of viewing this on-demand webinar, you should be able to:

  • Analyze the value of using data analytics as part of risk assessment/identification efforts
  • Evaluate the current use of analytics in ongoing monitoring within the organization
  • Articulate the case for enhanced analytics as a cost-savings- and revenue-generating tool in areas such as charge capture and 340B programs