The necessity of a chief compliance officer to run the day-to-day operations of the compliance program is of increasing importance. Coker has the experts available to assist any organization in need of temporary of outsourced assistance through placement of a fractional virtual compliance officer.
Coker places virtual compliance officers (VCOs) in organizations of all sizes, including large health systems, community hospitals, rural hospitals, multispecialty physician practice groups and private equity backed portfolio companies. Coker’s VCO’s staff these organizations on a fractional basis as determined by the healthcare entity and Coker input.
The VCO reports to the CEO and Board of Directors and takes responsibility for ensuring the annual compliance risk assessment is completed, the compliance workplan is developed, and auditing and monitoring occur as scheduled. The VCO operationalizes the company compliance program consistent with the seven fundamental elements, responding to compliance concerns, investigating, and performing corrective action as needed. The VCO leads the quarterly compliance committee and makes no less than quarterly reports to the Board of Directors.
When an organization needs compliance officer support, Coker has the experts to fill the role.