US health insurance provider Blue Cross & Blue Shield of Rhode Island has selected Compliance 360’s governance, risk and compliance management software to automate and manage its compliance program.
Blue Cross & Blue Shield of Rhode Island (BCBSRI) has developed a robust corporate compliance & ethics program to adhere to pertinent regulations and requirements, as well as to foster a culture of compliance. In order to optimize this program, BCBSRI required a compliance management product that would heighten its awareness of applicable laws and regulatory revisions.
BCBSRI selected Compliance 360 based on the company’s reputation and the product’s ability to provide a real-time view into ‘evidence of compliance’ throughout the organization. BCBSRI specifically chose the software to organize all of its federal- and state-specific statutes and regulations in one repository, tie the regulations to the appropriate corresponding policies, and associate this documentation back to the business owners.
Other key features of the technology include a centralized database of all compliance-related documentation, automated tracking and management of compliance activities, and on-demand reporting capabilities.
The Compliance 360 on-demand software suite includes products that address IT governance, policies and procedures management, incident management, surveys, Sarbanes Oxley compliance and enterprise risk management.