Healthcare Connection – Jan. 12, 2016
9 Best Practices to Improve Your Organization’s Month-End Close
Streamlining month-end close activities speeds the delivery of accurate information to leadership for strategic decision-making purposes, increases discipline and structure, improves controls, and reduces risk.
Home Health Agencies: Potential Risk to Health Systems
Despite their relatively small impact on the bottom line, home health agencies (HHAs) present a risk area that should not be ignored by healthcare system leadership or internal auditors. HHAs are under increasing regulatory pressures and are subject to internal organizational compliance concerns. The financial, legal, and regulatory implications of weak internal controls are significant. Internal auditors should identify risks during the risk assessment process and design audits to test controls in areas that are the most significant for the HHA.