“Even before the COVID-19 pandemic, compliance departments often faced hurdles in securing adequate resources to execute their compliance work plans and support their organizations’ compliance programs,” according to a new PYA article published in Physicians Practice. Authored by PYA Consulting Manager Kristen Lilly-Davidson and Principal Lori Foley, the article “Exploring the Advantages of a Virtual Compliance Assistance Partner [VCAP]” examines VCAPs as economically efficient resources for compliance program sustainability.
Challenged by increasing and changing regulations, more Compliance Officers (CO) are engaging in Virtual Compliance Assistance (VCA) as an affordable option to quickly adapt to the industry’s shifting regulatory environment, while maintaining the daily functions of the compliance program.
Read the full article.
If you have questions about PYA’s VCAP program—Compliance Overwatch™—or if you would like assistance with any matter involving compliance, strategy and integration, or valuation, contact a PYA executive below at (800) 270-9629.