2013-08-01
Healthcare Leader Deploys ACL™ GRC to Address Changing Regulatory Environment
ACL, the company that is transforming audit and risk, announced today that Greater Baltimore Medical Center has expanded its use of ACL technology by moving to ACL™ GRC. The cloud-based audit and compliance management capabilities of ACL GRC enable the organization’s internal audit and compliance teams to track the status and progression of audits and compliance reviews from virtually anywhere. These capabilities are increasingly valuable in light of industry-wide regulatory and compliance changes expected in the coming year, including new financial disclosure requirements.
Greater Baltimore Medical Center, a longstanding customer of ACL™ Analytics Exchange (AX) and ACL Consulting Services, chose ACL GRC to manage audits across all facets of the business, including healthcare compliance. After achieving successful results with AX data analytics and continuous monitoring software, the internal audit team was in search of a solution that would impart the same positive impact on its audit and compliance management processes. The implementation of this new system streamlines audit processes and provides accessibility that is both convenient and secure, to better manage compliance-related challenges in a heavily regulated industry.
“Because ACL’s solution is in the cloud, we don’t have to worry about updating the software and didn’t have to burden our IT department with installation and infrastructure investments,” said Dan Shelly, CPA, CIA, MBA, Senior Internal Auditor of Compliance and Audit Services at Greater Baltimore Medical Center. “We will also save a great deal of time previously spent cross-referencing paper files. And since we deal with vast amounts of sensitive data, the fact that we are very comfortable with the security of ACL GRC is of great importance to us.”
ACL GRC transforms the audit and compliance review process for the healthcare industry by increasing efficiency and productivity. Subscription-based pricing includes ACL technical support, further taking the burden off of internal IT departments.
“We recognize that now, more than ever, there is a need for health systems to be able to rapidly adjust to changing regulatory and compliance requirements,” said Dan Zitting, CPA, CISA, CITP, Vice President of Product Management and Design at ACL. “We are extremely pleased that Greater Baltimore Medical Center has decided to expand their use of ACL technology to manage their compliance activities, reporting and corrective action plans.”
