BWise, the global leader in governance, risk and compliance (GRC) management software, announced today that it has been chosen as the GRC software solution for Health Alliance Plan (HAP). A nonprofit health plan based in Detroit, Mich., HAP provides health care coverage to more than 500,000 members.
BWise Internal Control, Compliance Management, Risk Management and Process Management software modules will assist HAP with the NAIC Model Audit Rule compliance in 2010 and HIPAA compliance. The NAIC Model Audit Rule was enacted to improve the surveillance of the financial condition of insurers through the efficient use of internal controls and audits.
BWise software cross references all controls in a central repository, creating an efficient compliance and GRC framework by combining sound compliance with strong internal control, risk management and audit practices, all fully integrated to avoid duplication of controls and duties.
HAP considered a handful of vendors in their selection process and felt that BWise was the most robust, flexible solution for their Model Audit Rule and HIPAA needs.
“HAP is confident that our GRC software partner, BWise, will enable us to maintain our high standards of financial accountability,” said Dianna Ronan, vice president of Financial Services.
Robert Pijselman, CEO of BWise added, “BWise software can help insurers and other organizations with the compliance of several regulations, the NAIC Model Audit Rule and HIPAA in particular. BWise is very proud to have been selected by HAP for their MAR and HIPAA compliance.”
About BWise (www.bwise.com)
BWise is the global leader in Governance, Risk and Compliance (GRC) management software, with a strong heritage in business process management. Established in 1994, BWise delivers proven solutions to help organizations become “in control” by increasing corporate accountability; strengthening financial, strategic and operational efficiencies; and maximizing performance and ROI.
With more than 300,000 users in more than 80 countries worldwide in virtually all markets, BWise has developed a strong and sustainable presence in the GRC sector. Utilizing templates and a best-practice implementation approach, BWise enables stakeholders to measure and manage risks and to comply with rules and legislation throughout their organization. Our customers are managing multiple risk-related and compliance initiatives such as Sarbanes-Oxley, Bill 198, Solvency II, Basel II, NAIC Model Audit Rule, HIPAA, Medicare, MiFID, PCI, GLBA, and others. BWise has offices in the Netherlands, United States, United Kingdom, and Germany.
About HAP (www.hap.org)
Headquartered in Detroit, Health Alliance Plan is a nonprofit health plan serving more than 500,000 members and 2,200 employer groups. HAP’s Commercial and Medicare HMOs rank among the best health plans in the nation; HAP Senior Plus, is the top-ranked Medicare HMO in Michigan and among the top 25 in the U.S., according to U.S. News/NCQA America’s Best Health Plans 2008/09.
HAP is a subsidiary of the Henry Ford Health System, one of the nation's leading health care systems. The health plan serves companies of all sizes through PPOs, the flagship HMO, Medicare plans, individual plans, and experience-rated, fully insured and self-funded products. HAP was cited as one of the most financially stable plans in the country; the Commercial HMO earned an ‘A+’ Excellent rating according to Weiss Ratings, Inc. The National Committee for Quality Assurance (NCQA) awarded HAP’s Commercial HMO and HAP Senior Plus, a Medicare Advantage HMO, Excellent Accreditation. HAP has two subsidiaries, Alliance Health and Life Insurance Company and HAP Preferred, Inc.
Contacts:
Larkin Communications for BWise
Kim Larkin, 703-250-3590 x102
Cell:
202-391-5205
klarkin@larkincomm.com
www.larkincomm.com
or
BWise,
Inc.
Gregg Turek, 212-946-4943
Cell: 631-834-7825
gregg.turek@bwise.com
www.bwise.com
or
Health
Alliance Plan
Susan Schwandt, APR
Public Relations Director
248-443-1076
sschwan1@hap.org
www.hap.org
