Kusserow on Compliance: Compliance office budgets not likely to increase in 2019

– Half of compliance officers expect budget to remain the same

– Ten percent expect reductions

In the soon to be released national health care “2019 Compliance Benchmark Survey,” data was collected regarding what compliance officers were expecting in 2019 with respect to their budgets. The results are consistent with the past several years with half of respondents expecting their budget to remain essentially the same and 29 percent expecting increases slightly above their 2018 budgets. One out of ten expected budget reductions. The balance of compliance professionals were unsure. To accomplish the mission of building and operating an effective compliance program, there must be adequate budgetary resources. Given the combination of increasing responsibilities, noted elsewhere in the Survey, as well as a time of heightened enforcement by government agencies, it is likely that most compliance offices are stretching their limited resources. The Survey also found that many are turning to external vendors to provide services and tools, to stretch limited staff resources and to lower operating costs.

The “2019 Compliance Benchmark Survey” report will be available without charge at the upcoming HCCA conference in Boston at Strategic Management Services, Booth 420. 

Richard P. Kusserow served as DHHS Inspector General for 11 years. He currently is CEO of Strategic Management Services, LLC (SM), a firm that has assisted more than 3,000 organizations and entities with compliance related matters. The SM sister company, CRC, provides a wide range of compliance tools including sanction-screening.

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Copyright © 2019 Strategic Management Services, LLC. Published with permission.