Compliance Manual: Summary of Contents

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One of the most important “profit centers” of a supplier is its compliance program. While a compliance program does not directly generate income for the supplier, a functioning compliance program will assist the supplier in (i) retaining the money it has previously been paid and (ii) not having to pay consultants and attorneys to assist in responding to a recoupment demand.

Further, a functioning compliance program reduces the risk of (i) a whistleblower lawsuit being filed by a disgruntled current or ex-employee and (ii) a criminal or civil investigation being brought by a government enforcement agency.

Has your business adopted a compliance program? Read the full article from Medtrade for information from Jeffrey S. Baird, JD on how to setup and establish a compliance program.

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