When establishing a compliance plan, what does the OIG recommend a billing company take?

The recommendation to take a snapshot of the company's operations when establishing a compliance plan aligns with the OIG's guidelines, which emphasize the importance of understanding the current state of the organization. This involves assessing the various functions, processes, and potential areas of risk within the billing company. By taking a snapshot of operations, a billing company can identify strengths, weaknesses, and compliance risks that will help shape the compliance plan more effectively.

Having this comprehensive view enables leaders to tailor the compliance program to address specific issues pertinent to their operations. It allows for the customization of compliance strategies and ensures that all areas of the company are aligned with regulatory requirements. This deep understanding serves as the foundation for developing protocols, training, and monitoring systems that foster compliance and mitigate risks.

While summaries of past performance, comprehensive financial reports, and reviews of external audits can provide valuable insights and reinforce the compliance plan, they do not offer the immediate and diagnostic view of the company's current operational landscape as effectively as a snapshot does. This assessment is crucial for laying the groundwork for a proactive compliance culture.