MetricStream to Showcase its Market Leading GRC Solutions at the AHLA / HCCA Fraud

Oct. 1, 2010 - PRLog -- MetricStream, Inc., the market leader in enterprise-wide Governance, Risk and Compliance (GRC) solutions, today announced its participation in the Fraud and Compliance Forum, sponsored by the American Health Lawyers Association (AHLA) and the Health Care Compliance Association (HCCA). The conference will be held in Baltimore, Maryland, from September 26-28, 2010.

Healthcare has always been one of the most heavily regulated industries in the US. But in the wake of the proposed US Healthcare reforms as well as increasing fraud threats, the number of regulations is poised to increase. Thus in addition to existing regulations such as HIPAA, newer mandates such as PPACA and the Stark Act have also emerged. Healthcare organizations have their task cut out for them as they navigate the complexities of these regulations while focusing on patient care.

The Fraud and Compliance Forum will delve into how healthcare organizations can overcome the many regulatory challenges and issues ahead of them. Organizations that attend the conference will get the opportunity to network with peers, gain a better understanding of healthcare regulations and discover new ways in which to address them.

MetricStream will be participating in the three-day event and showcasing its market leading GRC solutions. Renowned for their unique combination of software, content and consulting services, MetricStream Solutions have yielded tremendous benefits to healthcare organizations across the world. Their flexibility and scalability allow them to be customized to meet each organization’s specific needs and demands.

MetricStream’s solution framework has been designed such that all risk, compliance and quality requirements can be controlled from a centralized platform. For instance, MetricStream Compliance Management Solutions provides a single reference point for healthcare organizations to manage the entire spectrum of compliance regulations ranging from OIG requirements to HIPAA, and the SOX Act to PPACA. This streamlined approach helps break down organizational silos in favor of a more collaborative, efficient way of functioning.

Using the Compliance Management Solution, healthcare organizations can manage a gamut of compliance activities - defining the compliance environment, continually assessing controls and risks, validating compliance with regulations, resolving issues and monitoring compliance. The solution also supports a range of compliance related processes including policy documentation, change management, governance and training and awareness programs.

To reduce the occurrence of fraud especially through IT systems, MetricStream offers a comprehensive suite of IT-GRC solutions which streamline the documentation and analysis of IT risks, development of risk mitigation plans, definition of controls and on-going assessment of risks. Based on leading IT frameworks such as COBIT,ISO 27002, NIST and ITIL, the solution helps organizations align IT with corporate GRC and business strategy.

Both IT-GRC and Compliance Management Solutions come equipped with advanced functionalities such as embedded best practices, remediation based work-flows and a top-down risk based approach. Together, these functionalities help healthcare organizations gain the most out of their GRC programs while reducing costs.

Powerful executive dashboards with drill-down capabilities enhance visibility into compliance statuses, equipping managers and Boards with the required information for business decisions. A versatile Issue Management System tracks all compliance and IT related issues, triggering alerts for remediation action. In addition, a central repository of information provides quick and easy access to all compliance and IT related policies and documents.

About MetricStream
MetricStream is a market leader in Enterprise-wide Governance, Risk, Compliance (GRC) and Quality Solutions for global corporations. MetricStream solutions are used by leading corporations such as Pfizer, Philips, NASDAQ, UBS, SanDisk, BP, Subway, Fairchild Semiconductor, Hitachi and TaylorMade-Adidas Golf in diverse industries such as Pharmaceuticals, Medical Devices, Automotive, Food, High Tech Manufacturing, Energy and Financial Services to manage their quality processes, regulatory and industry-mandated compliance and corporate governance initiatives, as well as by over a million compliance professionals worldwide via the www.ComplianceOnline.com portal. MetricStream is headquartered in Palo Alto, California and can be reached at www.metricstream.com.