EqualizeRCM Achieves SSAE 16/SOC 1 Certification
Austin, TX, February 14, 2017 (Newswire.com) - EqualizeRCM Services, a leader in helping healthcare providers maximize their reimbursement, today announced that it has recently completed its Service Organization Controls (SSAE 16 / SOC 1) for the second year in a row. An independent auditing firm conducted the examination under Statement on Standards for Attestation Engagements No. 16, Reporting on Controls at a Service Organization (AICPA, Professional Standards, AT sec. 801).
Completion of the SSAE 16 / SOC 1 Type I examination indicates that selected EqualizeRCM processes, procedures and controls have been formally evaluated and tested by an independent accounting and auditing firm. The audit analyzed the controls in place over an extensive six-month period during 2016 and involved multiple departments including operations, finance, human resources and compliance.
"Strategically, SOC 1 is important to meet the needs of our larger customers who themselves face increasing accounting and security scrutiny. But more critically, it reflects a core Company value—integrity—and our commitment to protecting our clients' and their patients' confidential information while delivering exceptional service."
Michael A. Hill, President of EqualizeRCM Services
Michael A. Hill, President of EqualizeRCM Services, remarked “Strategically, SOC 1 is important to meet the needs of our larger customers who themselves face increasing accounting and security scrutiny. But more critically, it reflects a core Company value—integrity—and our commitment to protecting our clients’ and their patients’ confidential information while delivering exceptional service. I am particularly proud that this certification covers both our U.S. and international offices. Whether fifty team members in Austin or 900 in an international office, we are focused on operating as one integrated Company to improve what we do for our customers.”
Going forward, EqualizeRCM intends to continue its annual certification conducted by an independent party. SSAE 16 / SOC 1 is designated by the U.S. Securities and Exchange Commission (SEC) as an acceptable method for a user entity's management to obtain assurance about service organization internal controls without conducting additional assessments. In addition, the requirements of Section 404 of the Sarbanes-Oxley Act of 2002 make SSAE 16 reports even more important to the process of reporting on effective internal controls by public companies.
About EqualizeRCM Services. EqualizeRCM provides the scale, resources and expertise that healthcare providers need to maximize their reimbursement in an increasingly challenging environment. EqualizeRCM leverages its team of over 900 coders, billers, collectors and consultants to assist its healthcare customers to perform better, lower their total cost of operations and achieve better financial results. EqualizeRCM works with healthcare providers and facilities in more than 25 states—including leading urgent care chains, surgical and community hospitals, physician practices, DME providers and more. For more information, visit www.EqualizeRCM.com.
Source: EqualizeRCM