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September 10, 2012 | Palo Alto, California: MetricStream, the market leader in enterprise-wide Governance, Risk, and Compliance (GRC) solutions, today announced its participation in the Blue Cross Blue Shield’s (BCBS) 2012 Blue National Summit. The event will be held on September 10-13, 2012 in Orlando, Florida, and will gather around 2000 BCBS executives who will discuss key issues faced by the healthcare industry and best practices to resolve them.

As one of the closely regulated industries, healthcare payers must comply with a range of federal and state regulations such as HIPAA privacy and security mandates, complex and restrictive rules and payment formulas for Medicare and Medicaid products and ICD-10 coding requirements. The increasing regulatory scrutiny, rise in incidents of data breaches, emerging privacy trends and regulatory requirements, and rising customer expectations, have compelled healthcare organizations to implement a risk-resilient and compliance-centric GRC program.

During the four-day event, MetricStream will exhibit its technologically advanced and extensive GRC solutions that have helped BCBS affiliates to successfully adhere to the multiple healthcare regulatory requirements and mandates related to patient information security, operational practices, service delivery procedures, and electronic health record management. MetricStream’s GRC solution delivers a powerful combination of process automation, best-practices workflows, data integration, reporting, analytics, and regulatory content. The solution tracks regulatory changes, executes policies and procedures, defines and evaluates controls, identifies and assesses the risk of non-compliance, and performs audit processes.

Built on an integrated GRC framework, the solution can be extended across business units, operations, departments, and geographies within an organization, thus enhancing collaboration across business, and improving reporting of risks and compliance metrics. Powerful and flexible reporting capabilities and role-based dashboards provide real-time visibility into on-going healthcare compliance and access into the finest level of details leading to better predictability of risks and improved decision-making.

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).

Press contact

Sonia Sharma : pr@metricstream.com | India: +91 98450-19197

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