Event Calendar

Start Date: 12/5/2024 9:00 AM MST
End Date: 12/5/2024 10:30 AM MST

A quality compliance management system must include internal monitoring and ongoing testing. What drives the scope of an internal monitoring plan? The risk assessment. It is crucial to ensuring adequate compliance testing based on your level of risk. An appropriate scope and schedule for transaction testing and internal monitoring are imperative for preventing regulatory compliance violations which could potentially lead to consumer harm, restitution, monetary penalties, and enforcement actions.
 
This session will walk through components of a compliance risk assessment to support your CMS and provide elements for consideration during the development process. It will address the process for developing the scope and schedule of a monitoring plan. All systems should be tested regularly to ensure things are working as intended, and the CMS is no different. Join us to explore how assigned risks link to the frequency of transaction testing and what to do with the results once testing is completed.