May 31, 2018
DELRAY BEACH, FL–Based in South Florida, a well-known hotbed of regulatory compliance enforcement due to the burgeoning addiction treatment industry, RiskShield Tools is taking a distinctive approach to healthcare compliance consultant services. The business was developed by a team of health law attorneys and healthcare compliance consultants and designed to be a smart, effective and revenue enhancing compliance program platform.
“It has been my experience that healthcare organizations want to do the right thing, but they struggle to find an easy way to stay on top of OIG compliance,” said Valery Bond, RHIT, co-Founder of RiskShield Tools. “We created this platform to alleviate the pressure to ‘do more with less’ and provide the tools for them to ‘do more with more.'”
“Providers and business owners must not only create a compliance program that includes effective policies and procedures but also have the responsibility of educating staff, self-auditing, staying abreast of regulatory updates, re-educating staff and somehow also delivering care,” said co-founder and COO Autumn Piccolo. “We are the first company focused on providing full spectrum, custom compliance programs that roll HIPAA requirements, clinical documentation improvement, OIG compliance requirements, and much more into one customized solution.” As one of the company’s taglines says, “Because One Size Fits None.”
Although RiskShield Tools is a new company, its founders have well-established track records in the healthcare industry. Both Bond and Piccolo have extensive business operations experience, including healthcare operations, accreditation and compliance practice. With well honed skills in revenue cycle reform, Bond successfully turned non-profitable providers into lucrative businesses in the home health industry.
“It is a mistake when providers liken compliance to insurance, focusing solely on it as a sunk cost,” said Bond. “Revenue is the result of compliance, and compliance is the key to getting a return on the investment you made in your business.”
RiskShield Tools caters specifically to physician practices, clinical laboratories, pharmacies, DME business owners, addiction treatment facilities, assisted living facilities, skilled nursing facilities, home health agencies and institutional or other buyers of healthcare businesses for compliance program development and/or regulatory due diligence support.