How often does the OIG suggest larger physician practices report compliance activities to the board of directors?

The Office of Inspector General (OIG) recommends that larger physician practices report compliance activities to the board of directors regularly. This guidance emphasizes the importance of continuous oversight and communication about compliance efforts, ensuring that the board is kept informed of compliance-related issues, developments, and the effectiveness of the compliance program. Regular reporting helps foster an environment of accountability and helps ensure compliance measures are effectively integrated into the organization’s operations.

While options such as annually, quarterly, and monthly provide specific frequencies, the term "regularly" captures the essence of the OIG's expectation for ongoing dialogue and updates, suggesting flexibility in determining the most appropriate frequency based on the practice's specific needs and circumstances. This approach also supports a proactive culture of compliance rather than a reactive one.