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Internal Audit

CHC Consulting’s Internal Audit Process is designed to identify key risks that could prevent the organization from meeting its objectives, determine if internal controls are operating effectively and efficiently, and keep the Board and the Audit Committee informed throughout the assessment. Areas of focus typically include:

  • Revenue Cycle Processes
  • Cash Management
  • Physician Contracts and Payments
  • Financial Operations
  • Payroll and Human Resources
  • Policies and Procedures
  • Cybersecurity Governance
  • Drug Diversion Program
  • External Audit Communications and Co-sourcing
  • Other Areas Identified by Management

Benefits

  • Today’s internal auditors search throughout the organization and do what the CEO would do to appraise activities, given sufficient time and resources.
  • CHC internal auditors serve as more consultant than verifier and are dedicated to improving systems rather than detecting errors.
  • Hospital departments and processes that are evaluated are also improved.
  • An internal audit brings a professional level of objectivity and independence to the facility.

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As healthcare becomes more complex, there is also more emphasis being placed on financial considerations, and on preventing and detecting violations of state and federal healthcare laws. What can your hospital do? Start by creating a compliance program to self-police your hospital and staff activities.

Since its inception in 1976, the Office of Inspector General (OIG) of the U.S. Department of Health and Human Services (HHS) has led the charge to fight waste, fraud, and abuse in Medicare, Medicaid, and more than 100 other HHS programs. In 2010, as...

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Reach out today to learn how CHC can help your hospital implement an internal audit.

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