Austin, TX, US, December 17, 2019:
EqualizeRCM Services, a leader in helping healthcare providers maximize their reimbursement, today announced that it has recently completed its Service Organization Controls (SSAE 18 / SOC 1 Type II) certification for the fifth year in a row. A licensed CPA and independent auditing firm conducted the examination under Statement on Standards for Attestation Engagements No. 18, Reporting on Controls at a Service Organization (AICPA, Professional Standards, AT sec. 801).
Because most of our customers rely on our systems to process, transmit or store sensitive data, EqualizeRCM Services takes considerable care in designing its systems for the highest levels of security, reliability and scalability. That also includes developing a comprehensive set of security policies and procedures to keep our customers’ data protected and safe. This also helps to further mitigate risks and ensure that the sensitive data we handle is highly secured.
The audit analyzed the controls in place over an extensive twelve-month period during 2018-19 and involved all departments including operations, finance, human resources, compliance, quality, information technology, software development, organization and administration. This year, EqualizeRCM qualified for the SOC 1 Type II recertification without any observation from the licensed CPA and independent auditing firm. This verifies that EqualizeRCM has proper security policies, processes, procedures and controls in place and practices them thoroughly. EqualizeRCM intends to continue this annual recertification examination conducted by a licensed CPA and independent auditing firm.
Strategically, SOC 1 is important to meet the needs of our larger customers who themselves face increasing accounting and security scrutiny. But more critically, it reflects a core Company value, ‘integrity’ and our commitment to protecting our clients’ and their patients’ confidential information while delivering exceptional service. I am particularly proud that this certification covers both our U.S. and international offices and our entire line of services including billing and collections, credentialing and software development. It is a strong testament to our focus on operating as one integrated Company to improve what we do for our customers.
|SSAE 18 / SOC 1 is designated by the U.S. Securities and Exchange Commission (SEC) as an acceptable method for a user entity’s management to obtain assurance about service organization internal controls without conducting additional assessments. The Health Insurance Profitability and Accountability Act (HIPAA) require corporations to audit the internal controls of their suppliers, including those that provide technology services. In addition, the requirements of Section 404 of the Sarbanes-Oxley Act of 2002 make SSAE 18 reports even more important to the process of reporting on effective internal controls by public companies.|