Wolters Kluwer Launches Audit Management Application for ComplyTrack

NEW YORK, Nov. 6, 2017 /PRNewswire/ -- 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.

Visit our registration page to attend a live, half-hour group product demonstration of Audit Management on Wednesday, November 8, 2017.

About Wolters Kluwer Legal & Regulatory U.S.

Wolters Kluwer Legal & Regulatory U.S. is a part of Wolters Kluwer N.V. (AEX: WKL), a global leader in information services and solutions for professionals in the health, tax and accounting, risk and compliance, finance and legal sectors. We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with specialized technology and services.

Wolters Kluwer reported 2016 annual revenues of EUR4.3 billion. The company, headquartered in Alphen aan den Rijn, the Netherlands, serves customers in over 180 countries, maintains operations in over 40 countries and employs 19,000 people worldwide.

For more information about Wolters Kluwer Legal & Regulatory U.S., visit lrus.wolterskluwer.com, follow us on Facebook, Twitter and LinkedIn.

Linda Gharib
Director, Communications
Wolters Kluwer Legal & Regulatory U.S.
Tel: +1 (646) 887-7962
Email: linda.gharib@wolterskluwer.com

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SOURCE Wolters Kluwer Legal & Regulatory U.S.