10 Reasons Why Healthcare Providers Need Beacon Compliance Manager Module Right Away

In the fast-paced world of healthcare, compliance with ever-evolving regulations and oversight requirements is paramount. Healthcare providers face the constant challenge of ensuring their operations are aligned with industry standards while delivering exceptional patient care. To ease this burden and streamline compliance efforts, healthcare solutions providers need to embrace the Beacon Compliance Manager (BCM) module. 

Here are ten compelling reasons why BCM is a must-have solution for healthcare providers:
1. Comprehensive Compliance Solution
BCM consolidates auditing/monitoring, regulatory and First-tier, Downstream, and Related Entities (FDR) oversight, policy and document management, and Corrective Action Plans (CAPs) in a single, robust platform. This all-in-one module simplifies compliance management, saving valuable time and resources.

2. Reduced Audit Findings

The BCM significantly reduces audit findings by enabling proactive identification and resolution of compliance deficiencies. Its real-time monitoring and automated reporting features ensure potential issues are detected early, minimizing the risk of compliance violations.
3. Automation of Complex Rules and Regulations
BCM’s advanced automation capabilities simplify the management of complex rules and regulations. The system analyzes data from various sources to identify potential compliance gaps, allowing healthcare providers to take swift corrective action.
4. Streamlined Auditing and Monitoring
BCM’s Auditing and Monitoring Solution automates manual audits, including those involving Sponsors and FDRs. By removing human error from the equation, healthcare providers can achieve greater accuracy and efficacy in their compliance programs.
5. Access to a Comprehensive Regulatory Library
BCM’s Guidance Center is a comprehensive regulatory library maintained by Beacon. It provides access to a wealth of compliance-related resources, including policies, guidelines, and updates, supporting healthcare providers in staying compliant with the latest regulations.
6. CMS-Recognized Solution for Corrective Action Plans
BCM’s robust features position it as a CMS-recognized solution for developing and managing Corrective Action Plans (CAPs). Healthcare providers can efficiently address compliance deficiencies and demonstrate their commitment to continuous improvement.
7. Expert Support from Payer and Compliance Specialists
Beacon’s team of payer and compliance experts stay ahead of industry risks and regulatory updates. With BCM, healthcare providers can tap into this knowledge base and receive timely support to navigate complex compliance challenges.
8. Proactive Partnership for Success
Beacon partners with healthcare providers before, during, and after BCM implementation. This proactive approach ensures smooth integration, successful adoption, and ongoing support to manage plan risk effectively.
9. Client-Driven Enhancements
Beacon values client feedback and leverages it to enhance BCM continuously. Regular meetings with healthcare providers allow the product team to fine-tune processes and implement system enhancements that cater to their unique needs.
10. Uncompromising Data Security
BCM operates on Beacon’s secure cloud infrastructure, ensuring HIPAA compliance and safeguarding sensitive patient information from data breaches and loss. Healthcare providers can trust BCM to uphold the highest standards of data security.
100+ years of combined expertise keeps Beacon’s subject matter experts on the forefront of healthcare regulatory and compliance initiatives, operations, and business practices.
The Beacon Compliance Manager (BCM) module is a game-changing module for healthcare providers seeking to navigate the complexities of compliance effortlessly. Its comprehensive features, automation capabilities, and expert support make it an indispensable asset in today’s dynamic healthcare landscape. By adopting BCM right away, healthcare providers can ensure regulatory adherence, mitigate risks, and focus on delivering exceptional care to their patients without compromise.

Chris Mahoney

Chief Financial Officer
Chris Mahoney is a resourceful and results-driven senior finance executive with 25+ years of CFO-level experience leveraging keen financial expertise to create cost-efficient and sustainable financial results across both small and large corporate organizations. He consistently demonstrates the ability to critically evaluate and respond to rapidly evolving environments while identifying business-critical financial enhancements and developing proactive and actionable improvement initiatives. Chris also utilizes business acumen and cross-functional communication skills to routinely produce sophisticated solutions and align all financial activities with strategic business goals. Chris has acquired and integrated businesses, assisted in raising millions in $30mm equity and debt through private placements, transformed a business from a Perpetual to a SaaS model, assisted in growing businesses from $250mm to $1bn, and has implemented Project Accounting systems, cost, and management information systems.

Ken Stockman

Chief Executive Officer
Ken Stockman, Founder and Chief Executive Officer of Beacon Healthcare Systems, is a seasoned healthcare executive with strong Payer and Provider experience focused on bringing innovative solutions to Government program revenue management, operations, compliance, and risk adjustment. Ken was an early leader in the Medicare Advantage Risk Adjustment industry building a full suite of tools such as Full Enrollment, Member Reconciliation And Part D Platform to support the health plans’ initiatives in 2006 as co-founder and former CEO of Dynamic Healthcare Systems, Inc. His expertise in Risk Adjustment Strategy, Transaction Processing And Analytics positions him as a unique subject matter expert. Additionally, his experience in CMS Transaction Processing And Regulatory Requirements led to the successful design and implementation of industry-leading information systems.