Does your organization’s compliance program include conducting a comprehensive look at your specific compliance risks on a regular basis? There are several elements of an effective compliance program. Compliance risk assessments represent a crucial and foundational element of effective compliance programs. These risk assessments can assist an organization in identifying the areas of risk that need to be addressed, managed, and mitigated through its compliance program. Comprehensive risk assessment reviews can support the creation of appropriate policies and procedures, training, resources, and other controls to help you manage risks according to your organization’s risk appetite and tolerance.

The Care Compass Compliance Risk Assessment and Mitigation Toolkit offers advice on completing a thorough risk assessment and includes tips for planning the foundation for compliance risk management practices, tools, and templates to identify the risks your organization may face, and continuous monitoring and evaluation of the risk assessment process.

Click to learn more about or to download the Care Compass Compliance Risk Assessment and Mitigation Toolkit.