Outsourced Compliance Officer

HDS consultants can serve as outsourced  compliance or privacy officer for a healthcare organization. Whether the organization needs a compliance officer for the entire enterprise, or a more narrow scope of for the leader of the HIPAA privacy and security program, HDS consultants can serve as the organization’s representative of a compliance program and be the “face of the compliance program” to internal and external stakeholders. HDS services in this area include policy and procedure development, general and specific training, leadership of a compliance committee, monitoring and auditing, and working directly with the organization’s board of directors on strategic compliance issues. Most importantly, HDS consultants understand the legal ramifications of compliance issues and work closely with in-house and external outside counsel on resolving compliance  concerns as they arise.

 HDS consultants assist with all aspects of the strategic planning process, from environmental and market assessments to analysis of strengths, weaknesses, opportunities, and threats, to facilitating meetings of strategic planning committees and interviews with stakeholders. The classic HDS strategic planning process takes 6 to 9 months and involves extensive operational and financial review and analysis.  Most importantly, HDS consultants work with healthcare organizations to ensure that the plan does not sit on the shelf, but it becomes integrated into operations and systems through tactical steps that are based on the broader strategic plan.

HDS consultants work with boards of directors on general corporate governance training, as well as the regulatory requirements faced by many boards of healthcare organizations.  From brief training sessions with updates on the business and regulatory environment of the healthcare industry, to full day or weekend board retreats, HDS consultants understand the nature of boards of directors and their decision-making, and they work with chairs of boards and CEOs of organizations to tailor board training and retreat facilitation to the individual needs of that organization.

HDS consultants assist healthcare organizations with all aspects of mergers and acquisitions. From analyzing potential partners to conducting due diligence, to assisting outside counsel with the documentation required for mergers and acquisitions, HDS consultants have extensive experience in all types of transactions. Whether an organization is purchasing another, being acquired by another, or undertaking a joint venture, HDS consultants are ready to assist boards, management teams, and counsel in these often complex and detailed arrangements.