While many different organizations are required to have a compliance hotline by Federal agencies such as the SEC and CMS, having an internal whistleblowing system is the new standard for ethical compliance. Providing employees with an anonymous and confidential outlet to report unethical behavior can now make or break your organization. Currently, 53% of all fraud tips are coming from employees within the victim organization. Without an internal whistleblowing system, employees have no choice but to turn to an external whistleblowing system (such as the platforms maintained by the SEC, FDA and the OIG) which can quickly turn into something much more serious.
Why let the pressure build-up internally within your organization? There is an easier way to enable open lines of communication.
More importantly, a compliance hotline serves as the cornerstone for an ethically responsible culture within an organization. At Compliance Hotline we believe that it is time for organizations to embrace ethical responsibility. Organizations can no longer turn a blind eye to unethical business practices, sexual harassment, or any other form of hostility within the workplace. By offering a compliance hotline, your organization shows that they are dedicated to creating an ethically responsible culture within your organization which consistently results in the hiring of better employees and the conducting of better business.
For a number of different reasons, almost every type of organization needs a hotline. Compliance and ethical business practices should be a cornerstone for all organizations. But here are some examples of why organizations need hotlines:
By using a compliance hotline your organization could potentially save itself millions of dollars, avoid protracted litigation and reduce the likelihood of your company being the victim of fraud. Recent studies have shown that by having a compliance hotline, organizations can save themselves money in numerous ways:
Our hotline service provides several ways for employees, contractors, vendors, patients, and their families to report potential violations of an organization’s ethical, regulatory, or legal obligations. These reports are confidential and reporting individuals may choose to identify themselves or remain anonymous. Once a report is made, it is forwarded to the appropriate compliance professional designated by a sponsoring Human Resources (HR) representative or supplier organization. Options for making a report include:
Web-Based Reporting Option. An individual can conveniently file a report directly from our simple to use web-based reporting application. Individuals filing a web-based report may identify themselves or may make an anonymous report.
Fax-Based Reporting Option. A ComplianceHotline incident report form is included on our website and may be printed for completion and faxing in at a later time.
Mail-Based Reporting Option. Our incident report form may be sent by a concerned party directly to ComplianceHotline by mail.
E-Mail Based Reporting Option. Incident details may be sent by a concerned party directly to ComplianceHotline by e-mail
Toll-Free Telephone Report Line Option. Compliance Hotline maintains and operates a live, Compliance Hotline reporting service. Unlike many of our competitors, we do not subcontract this aspect of our hotline services to a commercial answering service operating out of a foreign country. Our hotline calls are answered by trained compliance personnel in Washington, DC.
For an individual assessment of your hotline needs and costs, please provide the information requested below and we will follow up with you. Alternatively, you can e-mail us to schedule a telephone conference, or simply give us a call at 1 (800) 294-0952.
Are you unsure your screening requirements depending on your business and location? Our FREE Consultation has you covered. It includes: An overview of exclusions in addition to an overview of your exclusion requirements, and a demonstration of our product and service (SAFER) will be performed prior to a presentation of your personalized solutions. This consultation for your benefit only!