Send us a Text Message.In this episode of the Compliance Leadership Lounge, host Ross Ronan sits down with Monica Wallace, a partner at McDermott Will & Emory, to discuss her extensive experience in healthcare regulatory matters. They delve into the complexities of compliance and regulatory issues faced by boards of directors and private equity firms, with a special focus on recent OIG guidance.Monica shares her valuable insights on effective compliance leadership, the importance of patient-first approaches, and strategies for board governance. Tune in for a thoughtful exploration of the critical role compliance plays in healthcare.00:54 Introducing Monica Wallace: A Deep Dive into Healthcare Compliance02:13 The Heart of Healthcare Compliance: Patient-First Stories04:13 Navigating the 2023 OIG Guidance: Insights and Strategies06:54 The Role of Boards and CEOs in Compliance Oversight12:21 Success Stories and the Importance of a Strong Compliance Program13:27 Wrapping Up: Insights, Contacts, and EncouragementWe highly encourage our listeners to engage with us and our guests.Share your thoughts, questions, or experiences related to this episode on our social media or directly on our website.Monica Wallace  - https://www.linkedin.com/in/monica-wallace-8527865/Ross Ronan - https://www.linkedin.com/in/rossrronan/Compliance Leadership Lounge http://www.ronanhc.com/podcastRonan Healthcare Consultants http://www.ronanhc.com#HealthcareCompliance #PrivateEquity #RegulatoryMatters #OIGGuidance #LeadershipInHealthcare #QualityHealthcare

Send us a Text Message.In episode 7 of the Compliance Leadership Lounge, host Ross Ronan talks with seasoned CEO and chairman Bill Sanger about leadership in healthcare. Sanger shares insights from his extensive experience, including starting in healthcare in the 1970s, for-profit ventures, and early-stage investments. They discuss the board's role, essential executive qualities, and the importance of compliance culture, highlighting compliance officers' role in innovation and growth.00:49 A Deep Dive with Bill Sanger: From CEO to Investor01:10 Bill Sanger's Journey in Healthcare and Beyond02:43 Ross and Bill: A History of Compliance and Leadership04:58 The Art of Leadership: Listening, Learning, and Leading12:16 Board Dynamics and Effective Leadership20:52 Executive Insights: Building a Top Leadership Team21:46 Essential Skills for Healthcare Executives22:29 Embracing Empathy and Understanding in Healthcare23:30 The Importance of Adaptability in Healthcare24:00 Leading by Example: Integrity and Ethical Decision-Making24:53 Cultivating a Collaborative and Inclusive Work Culture26:16 The Power of Embracing Change for Improvement29:54 The Role of Compliance in Healthcare Innovation37:37 Personal Wellness: A CEO's PerspectiveWe highly encourage our listeners to engage with us and our guests. Share your thoughts, questions, or experiences related to this episode on our social media or directly on our website.Bill Sanger - https://www.linkedin.com/in/william-sanger-2351321b4/Ross Ronan - https://www.linkedin.com/in/rossrronan/Compliance Leadership Lounge http://www.ronanhc.com/podcastRonan Healthcare Consultants http://www.ronanhc.com #HealthcareLeadership #ExecutiveInsight #CEOJourney #ComplianceCulture#HealthcareCompliance #HealthcareConversations

Send us a Text Message.In episode 6 of Compliance Leadership Lounge, host Ross Ronan is joined by Larry Nabb, CEO of JET Health, to explore the critical aspects of leadership and compliance within the home health and hospice industry. Throughout the episode, listeners are treated to insightful discussions about the importance of cultivating a compliance culture, the impactful career transition of Larry Nabb from banking to healthcare, and the future trajectory of home health services. This episode sheds light on the indispensable role of trust and respect between CEOs and compliance officers, underscored by Nabb's motivations to improve patient care in memory of his grandparents. The conversation concludes with a forward-looking perspective on incorporating technology in healthcare to enhance patient outcomes.00:00 Introduction to Compliance Leadership in Healthcare01:02 Special Guest: Larry Nabb, CEO of JET Health02:12 Larry Nabb's Journey into Healthcare07:24 The Importance of Compliance in Healthcare Growth07:55 Leadership Philosophy: Empowering Teams11:35 Strategic Compliance: Beyond Task Management24:18 Building a Culture of Compliance and Integrity29:38 Advice for Aspiring Compliance Executives33:04 Personal Wellness: Health as Wealth34:21 Closing Remarks Stay Connected:We highly encourage our listeners to engage with us and our guests. Share your thoughts, questions, or experiences related to this episode on our social media or directly on our website.Larry NabbRoss RonanCompliance Leadership LoungeRonan Healthcare Consultants#healthcarecompliance #complianceleadership #authoritycomplianceleadership #qualititesofaceo #ceoleadership

Send us a Text Message.This episode of Compliance Leadership Lounge features an insightful discussion with Carl Zimmerman, a partner at Amulet Capital Partners, focusing on private equity investments in healthcare. The conversation delves into the significance of compliance leadership in healthcare investments, emphasizing the importance of regulatory adherence, exceptional patient care, and the growth of healthcare companies. Carl shares his journey into private equity and the healthcare sector, highlighting the role of private markets in addressing challenges within healthcare. The episode also explores the impact of compliance on healthcare organizations, strategies for aligning compliance with business goals, and the importance of leadership and transparency in fostering a culture of compliance. Moreover, this episode covers the trends in healthcare consolidation, regulatory attention on private equity, and the critical role of compliance in evolving healthcare landscapes. The podcast concludes with personal insights into maintaining work-life balance and the importance of self-care for business professionals.00:00 Welcome to the Compliance Leadership Lounge: Exploring Healthcare Investments01:02 Introducing Carl Zimmerman: A Deep Dive into Private Equity in Healthcare01:57 The Journey into Private Equity: Carl Zimmerman's Story04:16 The Role of Compliance in Healthcare Investments08:21 Evaluating Compliance in Healthcare Acquisitions12:08 Trends and the Future of Compliance in Private Equity16:28 Leadership in the Context of Compliance and Business Growth19:02 Navigating the Complex Landscape of Healthcare Compliance19:30 The Essence of Integrity in Leadership19:38 Transparency and Compliance: A Leadership Mandate21:00 Evaluating Leadership in Healthcare Acquisitions22:13 The Role of Leadership and Compliance in Healthcare Success24:01 Board-Level Compliance: Setting the Tone for Organizational Integrity29:42 Strategic Compliance: Aligning with Business Goals33:57 Personal Wellness: The Foundation of Effective Leadership35:33 Closing Thoughts: The Importance of Integrity and Leadership in ComplianceJoin us as we explore the dynamic landscape of compliance leadership in healthcare, culminating in insightful reflections on the importance of integrity and effective leadership in fostering compliance excellence.Learn more about Ross and Ronan Healthcare Consultants:Website: https://www.ronanhc.com/Linkedin: https://www.linkedin.com/in/rossrronan/Instagram: https://www.instagram.com/ronanhealthcareconsultants/#privateequity #healthcare #compliance #leadership #boardlevelcompliance #privatemarket

Send us a Text Message.In the intricate dance of healthcare operations, one misstep in compliance can lead to a cascade of legal and financial disasters. The latest episode of the Compliance Leadership Lounge podcast takes you deep into the world of healthcare compliance, where the stakes are as high as the skyscrapers that line our cityscapes.Ross laid out the legal frameworks that govern healthcare, such as the False Claims Act and the Anti-Kickback Statute, and the hefty penalties associated with violations. With fines ranging from $14,000 to nearly $28,000 per claim and the possibility of treble damages, the financial implications are nothing short of astronomical.In this episode, we delve into:1. The essential legal pillars of healthcare compliance, including the False Claims Act and Anti-Kickback Statute, and their hefty penalties.2. The financial fallout from nonadherence, with real-world examples of the monumental costs organizations face when they fail to comply.3. Strategies for creating a robust compliance program that not only safeguards against legal pitfalls but also fortifies an organization's operational integrity and public trust.Whether you're a healthcare professional, compliance officer, or simply captivated by the complexities of healthcare regulation, this episode offers an enlightening overview of the critical importance of compliance and the dire costs of failing to uphold it. As the famous quote from U.S. Deputy AG Paul McNulty goes, "If you think compliance is expensive, try non-compliance." Tune in to understand why investing in compliance is not just a legal necessity but a strategic advantage for any healthcare organization.Don't miss this in-depth exploration into the legal and financial implications of healthcare compliance. Subscribe, share, and join the conversation as we aim to elevate the standards of compliance leadership and uphold the integrity of healthcare operations.Learn more about Ross and Ronan Healthcare Consultants:Website: https://www.ronanhc.com/Linkedin: https://www.linkedin.com/in/rossrronan/Instagram: https://www.instagram.com/ronanhealthcareconsultants/#HealthcareCompliance #LegalImplications #FinancialRepercussions #ComplianceLeadership #Regulation #HealthcareIndustry #Podcast #McNulty #antikickbackstatute #penalties

Send us a Text Message.If you're feeling the frustration of not being able to gain the trust of boards and CEOs as a compliance professional, then you are not alone! Many compliance officers find themselves stuck in their roles, struggling to move up the ladder and gain the recognition they deserve. They may be taking on more responsibility without the corresponding title or authority, leaving them feeling overlooked and undervalued. It's time to break free from this cycle and step into your true potential as a compliance executive.In this episode, you will be able to:Master the key elements of being a top-tier compliance executive and propel your career to the next level.Cultivate effective communication leadership skills to elevate your influence and impact within the compliance industry.Enhance self-awareness and professional development as a compliance executive to excel in your role and beyond.Learn crisis management strategies tailored specifically for compliance executives to navigate challenging situations with confidence.Enforce standards without being punitive and become a respected leader who fosters a culture of compliance with integrity.In today's complex regulatory climate, these 7 elements empower compliance officers to evolve into trusted executive partners. Let's continue the conversation on elevating our compliance leadership impact. What element of an effective compliance executive resonates most with your own journey?Learn more about Ross and Ronan Healthcare Consultants:Website: https://www.ronanhc.com/Linkedin: https://www.linkedin.com/in/rossrronan/Instagram: https://www.instagram.com/ronanhealthcareconsultants/#compliance #healthcarecompliance #strategicpartners #complianceprograms

Send us a Text Message.Does it sound familiar to be told that an effective healthcare compliance program is the key to building trust, only to find that it's not delivering the expected results? The pain of losing trust in compliance can be daunting, impacting patient care and organizational integrity. In this episode, you will be able to:1. Build Trust in Healthcare Compliance: Learn how trust impacts organizational stability.2. Foster Trust with Compliance Programs: Discover the pivotal role of compliance programs in nurturing trust.3. Big C vs. Little C Compliance: Uncover the distinctions between big C and little C compliance.4. Elements of an Effective Compliance Program: Explore the key elements of a successful compliance program.5. Accuracy in Healthcare Compliance Documentation: Understand the significance of precise documentation in healthcare compliance.It's time to explore how to transform compliance from a requirement to the cornerstone of healthcare trust. Let's uncover the real strategies that genuinely build trust and stability within healthcare compliance programs.Learn more about Ross and Ronan Healthcare Consultants:Website: https://www.ronanhc.com/Linkedin: https://www.linkedin.com/in/rossrronan/Instagram: https://www.instagram.com/ronanhealthcareconsultants/#compliance #healthcarecompliance #complianceprogram #strategicpartnerships #officeofinspectorgeneral #rossronan

Send us a Text Message.If you're feeling frustrated and undervalued in your efforts to spark innovation within healthcare compliance, then you are not alone! The struggle to earn recognition and influence as a compliance officer is real, and it's time to find a solution to this challenge.In this episode, you will be able to:Explore the critical role of compliance in healthcare for ensuring patient safety and trust.Discover how compliance can be a strategic partner in driving operational efficiency and ethical practices within healthcare organizations.Uncover the evolution of compliance programs and their impact on adapting to regulatory changes and industry best practices.Learn effective strategies for building relationships with key stakeholders to foster a culture of compliance and collaboration.Achieve excellence in healthcare compliance through insights on best practices, continuous improvement, and proactive risk management.The key moments in this episode are:00:00:00 - Welcome to the Compliance Leadership Lounge 00:00:51 - Key Focus Areas for Compliance Programs 00:04:10 - Evolution of Compliance and Business Partnership 00:07:46 - Impact of Regulatory Changes on Compliance 00:12:49 - Future Conversations and Insights 00:14:27 - Introduction to the Podcast 00:15:03 - Call for Engagement 00:15:29 - Audience Participation 00:15:41 - Conclusion and Call to Action 00:15:41 - Closing Remarks Learn more about Ross and Ronan Healthcare Consultants:Website: https://www.ronanhc.com/Linkedin: https://www.linkedin.com/in/rossrronan/Instagram: https://www.instagram.com/ronanhealthcareconsultants/