Austin, TX, US, February 6, 2017:
EqualizeRCM Services, a leader in helping healthcare providers maximize their reimbursement, today announced that it has recently completed its Service Organization Controls (SSAE 16 / SOC 1) for the second year in a row. An independent auditing firm conducted the examination under Statement on Standards for Attestation Engagements No. 16, Reporting on Controls at a Service Organization (AICPA, Professional Standards, AT sec. 801).
Completion of the SSAE 16 / SOC 1 Type I examination indicates that selected EqualizeRCM’s processes, procedures and controls have been formally evaluated and tested by an independent accounting and auditing firm. The audit analyzed the controls in place over an extensive six-month period during 2016 and involved multiple departments including operations, finance, human resources and compliance. Going forward, EqualizeRCM intends to continue its annual certification conducted by an independent party.
|Michael A. Hill, President of EqualizeRCM Services, remarked:|
|“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. Whether fifty team members in Austin or 900 in an international office, we are focused on operating as one integrated Company to improve what we do for our customers.”|
|SSAE 16 / 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. In addition, the requirements of Section 404 of the Sarbanes-Oxley Act of 2002 make SSAE 16 reports even more important to the process of reporting on effective internal controls by public companies.|