preview

Gary Trainor

Decent Essays

According to Gary Trainor, “When it comes to a business and corporate management, compliance refers to the company obeying all of the legal laws and regulations in regards to how they manage the business, their staff, and their treatment towards their consumers. The concept of compliance is to make sure that corporations act responsibility.” (Trainor, 2012). One benefit of compliance, the avoidance of criminal charges with many different regulations and laws for a business to manage staff, stock and advertising handled, buying and selling, negotiating with customers, employee salary, safety rules, etc. **Another, building a positive reputation to ensure a company upholds a positive image and builds consumer trust. Lastly, higher productivity …show more content…

OIG helped with the nation’s efforts to fight waste, fraud and abuse in Medicare and Medicaid, and more than 100 other HHS programs. HHS OIG, the largest inspector general’s office in the Federal Government. Resources **distribute towards the oversight of Medicare and Medicaid and extends to programs under other HHS institutions. The elements of compliance plans and programs should facilitate understanding of the areas physician practices need to address in implementing any or all of the seven basic components of a compliance program. The basic components include 1) standards of conduct and policies and procedures, 2) designation of a compliance officer, 3) conducting effective training, 4) effective lines of communication, 5) auditing and monitoring, 6) establishing disciplinary guidelines, and 7) responding to detected offenses and developing corrective action initiatives. According to the textbook, “The operational implications of implementing a compliance plan in any size practice actually extend beyond the basic compliance elements. In fact, many of the elements, as implemented, may represent features and functions that have never existed in physician practices or do exist, but in basic forms.” (Wolper,

Get Access