Archive - May 2020

Treasury Department Weighs In on Contentious BI Claims Dispute

The insurance industry has received substantial help in its pushback against various legislative and legal efforts seeking to compel insurers to cover business interruption (BI) claims stemming from COVID-19, including in cases where policy language...

So You Had a Plan… Resetting the Technology Portfolio to Align With the Reemergence Strategy

With the COVID-19 global pandemic upending life as we know it, organizations face a landscape and a future that is drastically different from what they perceived at the start of 2020. Altered priorities of customers, disruptions throughout the...

Managing and Mitigating Credit Risks and Losses Through the Crisis and Beyond

Many financial institutions have moved quickly to operationalize changes needed to address the near-term and longer-term impacts of the COVID-19 global pandemic. In a recent webinar conducted by Protiviti, credit risk management and mitigation...

SOC Reports: Anticipating Challenges Can Help Minimize Disruption of SOX Compliance Programs

Many organizations outsource business processes and obtain SSAE 18 Service Organization Control (SOC) 1 reports. Due to the COVID-19 pandemic, some of these SOC-1 reports may either be delayed in their issuance, as external auditors navigate the new...

Utilizing Technology to Streamline Documentation, Coding and Billing Requirements of COVID-19 Cases

On April 1, 2020, the Centers for Disease Control and Prevention (CDC) announced a new ICD-10-CM code to document the diagnosis of COVID-19. The CDC originally planned to implement this code on October 1, 2020, but expedited the implementation due...

Section 1135 Waivers: “Patients Over Paperwork” Does Not Mean NO Paperwork

On March 13, 2020, President Trump declared a national emergency in response to the COVID-19 pandemic, enabling the Secretary of the U.S. Department of Health and Human Services to temporarily suspend, modify and give flexibilities (authorized under...