Compliatric is recognized as one of the top 20 healthcare compliance solution providers for 2015. It provides a single, cloud-based platform called the Compliatric GRC platform that integrates various compliance modules. This platform helps healthcare organizations automate compliance processes and analyze compliance-related data to ensure patient safety and quality of care. Compliatric's unified approach integrates governance, risk management, and compliance capabilities to help customers reduce risk and demonstrate regulatory compliance through a holistic solution.

1. | |JULY 2014
6CIOReview
UTLOOKHealthcare Tech
Compliatric
recognized by magazine as
Alex D’souza
An annual listing of 20 companies that are in the forefront of tackling challenges in the
Healthcare Compliance arena and impacting the marketplace
Managing Editor
UTLOOKHealthcare Tech
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Description:Company:
Compliatric A healthcare GRC
solution provider that
provides its numerous
integrated compliance
modules via a single SaaS
based platform
Key Person:
David Monaghan,
Founder
Website:
www.compliatric.com
H
ealth care organizations are vastly leveraging the
power of technology to improve the quality of
care. Meanwhile, on the flip side, they are dealing
with a myriad of compliance issues that comes along the
adoption of new technologies. The U.S. government’s
regulations for Medicare have spawned a whole new
industry on compliance. The new legislation demands
detail reporting for compliance purpose. Towards this,
health care organizations are giving more emphasis to build
an effective compliance program to recognize, prevent and
address the major risks that affect the organization as a
whole.
To achieve more efficiency, organizations today are
automating compliance processes by applying cost-
efficient cloud-based solutions and harnessing the power
of data algorithms. Further, the increasing adoption of EHR
makes it simpler to collect and analyze a wide variety of
compliance-related information to ensure patient safety
and provide healthcare of highest quality.
In this environment, solution providers should make
a comprehensive effort to put together a sophisticated
compliance program to make healthcare providers more
successful, profitable and responsive to patient needs.
In the last few months, a distinguished panel comprising
of CEOs, CIOs, VCs, and analysts including Healthcare Tech
Outlook editorial board have reviewed the top companies in
the healthcare compliance space, and shortlisted the ones
that are at the forefront of tackling industry challenges.
The selection panel looked at the vendor’s capability
to fulfill the needs of buyers with effective solutions that
would curb the challenges healthcare organizations face
in terms of compliance. In this edition of Healthcare Tech
Outlook magazine, we bring to you “Top 20 Healthcare
Compliance Solution Providers 2015.”
20 Most Promising Healthcare Compliance Solution Providers
CONNECTING THE HEALTHCARE TECHNOLOGY COMMUNITY HEALTHCARETECHOUTLOOK.COM
JULY - 2015

2. | |JULY 2014
7CIOReview| |July 2015
29UTLOOKHealthcare Tech
T
he requirement for an effective compliance program
in healthcare organizations is transitioning from being
voluntary to mandatory. That said, setting up a robust
compliance environment is not a cakewalk for organizations.
“In order to ensure regulatory compliance, it is necessary to
effectively combine technology, content, data and expertise
together,” says David Monaghan, Founder, Compliatric.
Overseeing the level of analysis required for compliance
management has become a challenge with the wide
dispersion of data and lack of unifying technology. This can
prompt fraudulent practices and security breaches, which
further emphasize the need for a comprehensive compliance
management solution. “A genuine commitment to
compliance enabled by integrated technology will reduce the
exposure to damages and penalties. This can be achieved by
linking together disparate systems and enforcing compliance
requirements,” notes Monaghan. Based in Salt Lake City, UT,
Compliatric creates an environment of excellence with its
staff of highly experienced healthcare administrators and
compliance experts.
By deploying a Software-as-a-service (SaaS) modeled
suite, Compliatric integrates Governance, Risk Management
and Compliance (GRC) capabilities into its core solution. The
Compliatric GRC platform is a one stop shop which comprises
of Policy Library, Learning Management System(LMS), Inci-
dent Management, Internal Audit and Risk Assessment, and
many other features like Employee Sanctions Screening,
Conflicts of Interest, Contract Management and Non-Mon-
etary Compensation Tracking. Inclusive of the Health In-
surance Portability and Accountability Act (HIPAA),
the GRC platform administers compliance
through solutions for Business Associates,
Patient’s Rights and Release of Information,
Security Risk Assessments, Asset Tracking
and Breach Assessment. Moreover, Compli-
atric’s ProviderTrac solution helps
Accountable Care Organizations
through its Provider Engagement
Management (PEM) platform,
which “focuses around
referral patterns and out-
comes data related to ev-
idence based care,” says
Monaghan.
In an implementation highlight, one of their customers
in healthcare revenue cycle management was struggling
trying to manage regulatory and internal business process
compliance. The lack of integration between different
solutions create much duplication in effort in and outside
of IT and lacked the ability to demonstrate compliance as
desired. After installing the Compliatric GRC platform, the
client witnessed a swift transformation in terms of bridging
the gaps they faced earlier. The technology provided by
Compliatric extended beyond basic regulatory compliance
and managed many tracking needs of the client’s business,
including policies, training, incidents, marketing, customer
service, and human resources.
With continued growth in its product portfolio, the
efforts of Compliatric stand out due to the fully integrated
approach they adopt between their various modules. For
example, incorporation of a mobile platform to access
the solution from anywhere is a major feature Compliatric
leveraged right from the early days. “Compliatric has
extended its ability to build rapid solutions for unique
problems while keeping pace with new regulatory
or internal business requirements without delay,”
states Monaghan.
As a recent entrant to the market, Compliatric’s
roadmap is focused on providing their customers
with all the advantages of comprehensive health-
care focused GRC software along
with excellent service—the
company is constantly devel-
oping new features on the
platform.“Ouraimistoreduce
organizational risk through
a holistic and integrated ap-
proach to demonstrate compli-
ance,”concludesMonaghan.
Compliatric
Unified Solutions to Ensure Compliance
HT
Our aim is to reduce organizational
risk through a holistic and integrated
approach to demonstrate compliance
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David Monaghan