Austin, TX, US, December 12, 2018:
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) for the fourth year in a row. An 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).
Completion of the SSAE 18 / SOC 1 Type II examination indicates that 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 twelve-month period during 2017-18 and involved multiple departments including operations, finance, human resources, compliance, quality, information technology, software development, organization and administration. Going forward, EqualizeRCM intends to continue its annual certification conducted by an independent party.
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 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. 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.|