February 9, 2012 | Palo Alto, California: MetricStream Inc., the market leader in enterprise-wide Governance, Risk and Compliance (GRC) solutions, today announced its participation in the Managed Care Compliance Conference that will be conducted by Health Care Compliance Association (HCCA) on February 12-14, 2012 in Scottsdale, Arizona. The conference will focus on the role of compliance professionals in the Healthcare Insurance industry and provide insights on effective management of compliance programs.

There has been a significant rise in regulatory norms in the health insurance industry in the recent years and analysts predict the trend to continue in future. With more and more health insurance providers leveraging technology to expedite claim processes, the need for a stringent security system to reduce fraud or breach of data is fast becoming a priority. Healthcare payers are forced to track all the emerging norms as well as implement a comprehensive compliance program to streamline and synergize processes and enhance visibility and risk control.

HCCA's Managed Care Compliance Conference will focus on the security challenges in health plans, the risks and the solutions to monitor and manage these risks. The conference will convene leading compliance professionals, in-house and external counsels, internal auditors, regulatory compliance personnel, and managed care lawyers for health plans. Compliance experts and business leaders will provide insights on compliance risk monitoring and auditing, application of Sarbanes Oxley requirements to non-profit health plans, ethics and building an ethical culture, involvement of board in compliance, Medicare Prescription Drug Plan compliance and audit experience, New York's Medicaid compliance guidance for managed care plans, and HIPAA privacy and security challenges for health plans.

In the two-day conference, MetricStream will showcase its industry leading Compliance, Risk and Internal Audit solutions that have helped several leading Healthcare insurance providers manage their risk, compliance and internal audit programs efficiently. Integrated on a single platform, the solutions eliminate business and functional silos, establishing consistency and uniformity across enterprise.

MetricStream Compliance Management solution provides a common framework and an integrated approach to manage all compliance requirements faced by insurance companies for meeting regulatory guidelines such as  Solvency II, NAIC-MAR, GLBA, AML, KYC. Real-time compliance dashboards and heat maps provide enterprise-wide visibility into the compliance management process.

MetricStream's Internal Audit Management software solution helps manage a wide range of audit-related programs, data and processes. It supports all types of audits, including internal audits, operational audits, IT audits, supplier audits and quality audits. The solution provides end-to-end functionality for managing the complete audit lifecycle including risk assessment, audit planning and scheduling, development of standard audit plans and checklists, field data collection, development of audit reports and recommendations, review of audit recommendations by auditees and management and implementation of audit recommendations and remediation.

MetricStream Compliance, Risk and Internal Audit solutions are equipped with advanced functionalities such as embedded best practices, remediation based work-flows and a top-down risk based approach.

About MetricStream

MetricStream is the independent market leader in enterprise cloud applications for governance, risk, compliance (GRC), and quality management. MetricStream apps and software solutions improve business performance by strengthening risk management, corporate governance, regulatory compliance, audit management, vendor governance, and quality management for organizations across industries, including banking and financial services, health care, life sciences, energy and utilities, consumer brands, government, technology, and manufacturing. MetricStream is headquartered in Palo Alto, California, with an operations and GRC innovation center in Bengaluru, India, and sales and operations support in 12 other cities globally.(www.metricstream.com).

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