LegalNovember 06, 2017

Wolters Kluwer Launches Audit Management Application for ComplyTrack

The third application to launch on the next generation ComplyTrack platform provides healthcare professionals with a powerful tool to manage claims-based audit processes.

Wolters Kluwer Legal & Regulatory U.S. today announced the launch of Audit Management on its widely acclaimed ComplyTrack platform. Designed with the needs of healthcare compliance professionals in mind, Audit Management sets a new industry standard by providing a single-source solution to revolutionize the audit process. 

Audit Management is set apart from other products on the market by giving healthcare providers complete control over the audit lifecycle. As a secure, web-based solution, Audit Management supports organizations of any size or geographic distribution, with automated workflows to respond both proactively and retroactively to auditors while simultaneously managing multiple rounds of appeals. By offering insight into every facet of the claims-based audit process, the solution ensures consistent, timely handling of audits, dramatically saving time and money, and minimizing ongoing financial risk.

"Audit Management is a direct result of listening to our customers and creating a solution to address their biggest challenges in the auditing process," said Ryan Redman, ComplyTrack Product Manager. "This addition to the next generation ComplyTrack platform will improve the auditing process for healthcare professionals."

ComplyTrack Audit Management enables reimbursement professionals to:

  • Track both Recovery Audit Contractor (RAC) and non-RAC audits from start to finish, without investing in additional staff;
  • Identify denial trends, quantifying appeal outcomes, and quickly projecting audit losses to ensure reserve funds are properly allocated;
  • Detect, analyze, report on, and predict trends using powerful embedded IBM Cognos reporting;
  • Automate claims import processing, eliminating the need for manual claims data entry.

Audit Management is the third application to be launched on the next generation of ComplyTrack, Wolters Kluwer's scalable, web-based platform built for healthcare professionals to effectively manage risk, control costs and stay focused on patient care. Powered by Wolters Kluwer's up-to-date regulatory content and unparalleled expertise, the platform offers users visibility, workflow tools and complete decision support to manage a governance, risk management and compliance (GRC) program from the top down and the bottom up.

"Audit Management complements ComplyTrack's other offerings very well, and after several group demonstrations, we know that we are offering a Software as a Service (SaaS) solution that has never been seen in healthcare management before," said Redman.

About Wolters Kluwer

Wolters Kluwer (WKL) is a global leader in professional information, software solutions, and services for the health, tax & accounting, governance, risk & compliance, and legal & regulatory sectors. We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with specialized technology and services.