To remove barriers to compliance, Concord developed a foundational, centralized compliance database to deliver ODAG reports. The compliance reporting database houses all the data elements from disparate sources and includes a BI tool to access and generate required reports. The new reporting system helps the business quickly access and create reports based on pertinent data.
Thanks to the new system, CMS reporting is easier than ever. The new compliance database allows our client to manage CMS data elements in one centralized location. More importantly, they reduced reporting cycle time by an average of twelve days after the close of a reporting period, reduced audit requests by 27% per year, and significantly reduced the overall labor costs on the effort.
This new reporting system helps the business:
- Manage CMS data universal elements in one location
- Maintain compliance with CMS reporting requirements