Actionable Steps to Improve Your Compliance Program
A strong compliance program is critical for any organization. Not only will it help you avoid legal troubles, but it can also improve morale and increase efficiency. If you’re looking for ways to improve your compliance program, here are six actionable steps you can take:
1. Conduct a Risk Assessment
Any organization can benefit from a risk assessment, but it is especially important for those in regulated industries. A risk assessment will help you identify areas where your organization is most at risk and tailor your compliance efforts accordingly. Make sure to involve all stakeholders in this process so that everyone understands the risks involved and can buy into the solution. By taking this crucial first step, you will be well on your way to improving your compliance program.
2. Create or Update Policies and Procedures
Policies and procedures are the backbone of any compliance program. They provide a roadmap for how employees should conduct themselves and help to mitigate risk. When creating or updating policies, it is essential to keep them clear, concise, and easy to understand. Employees should be able to quickly reference the policy and understand what is expected of them. Policies should also be regularly reviewed and updated as needed. By keeping policies up-to-date, you can help ensure that your organization is always in compliance with applicable laws and regulations.
3. Train Your Employees
Employees are the front line of any organization’s compliance program. This means that they are the ones who are most likely to come into contact with compliance issues on a daily basis. Therefore, training employees to comply with all relevant laws and regulations is crucial. Training should be ongoing and tailored to each employee’s role within the organization. Consider using a combination of methods, such as in-person training, e-learning courses, and webinars. By providing employees with the tools they need to stay compliant, you can help reduce your organization’s overall compliance risk.
4. Establish an Audit Program
Auditing is an integral part of any compliance program. By auditing regularly, you can identify potential problems early on and take steps to fix them. Audits can be conducted internally or externally, depending on your needs. When choosing an auditor, it’s important to choose someone who is objective and has experience in compliance audits. This way, they can provide valuable insights into areas of improvement. Establishing an effective audit program can help ensure that your compliance program is up to par.
5. Monitor Progress and Adjust Accordingly
As your compliance program matures, it’s essential to take a step back and assess how well it is working. Are you seeing fewer compliance issues? Have employees been more engaged in the process? Tracking metrics can help you answer these questions and identify areas where your program may need improvement. Be sure to involve all stakeholders in this review process so that everyone clearly understands the program’s current state and can offer feedback for continuous improvement. You can ensure that your compliance program remains effective over time by monitoring progress and making adjustments as needed.
6. Choose an On-Demand Compliance Training Solution
Are you looking for a compliance training solution that will work for your employees?
Showd.me is the perfect compliance training solution for hospitals, healthcare providers, and other organizations. Our extensive content library, on-demand learning, and self-paced quizzes allow employees to learn anytime, anywhere, without missing their regular work. Plus, we make it easy to track compliance and generate reports.
You’ll never have to worry about coordinating class time again with showd.me’s cloud-based/mobile platform. Employees can train at their convenience on any device – laptop, desktop, tablet, or smartphone.