Calculating the Cost of a Recall

Posted by Digital Manager on Wed, Jun 18, 2014 @ 09:36 AM

As of June 18, the FDA will be increasing fines for regulatory noncompliance. The 2014 update will be the first since 2008, and will be based on inflation rates as determined by the Consumer Price Index (CPI). Adjustments may not exceed 10% of the total penalty and will range from $200 to $11 million depending on the offense.

FDA monetary penalties are just one cost that companies must factor in when calculating the total cost of a product recall.

Recall management costs vary depending on factors such as scale, scope, and type of recall. Unexpected expenses can quickly add up. For starters, companies need to understand the factors that drive total
product recall costs. They include:

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Topics: Recall Risk Management, Product Recall Process, ExpertRecall, recall news, cost of a recall

Discover a New, Improved MyStericycle.com

Posted by Digital Manager on Mon, Jun 09, 2014 @ 09:01 AM

MyStericycle.com Is a Fast and Simple Way to Stay on Top of All Your Healthcare and Compliance Services

Between managing compliance activity, scheduling pickups, making payments and ensuring everyone has the critical compliance resources and training they need, your plate is pretty full. MyStericycle.com lightens the load by enabling you to quickly manage all of your Stericycle Healthcare Compliance Solutions services in one convenient place. Put the power of MyStericycle.com to work for you.

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Topics: OSHA Compliance, Steri-Safe, MyStericycle.com

Is Your Current HIPAA Training Inspiring the Necessary Aha Moments?

Posted by Digital Manager on Wed, Jun 04, 2014 @ 10:05 AM

Teaching your staff about current rules and regulations for privacy and security under the new HIPAA Omnibus regulations is critical to helping prevent health information breaches. But is your current HIPAA training inspiring the necessary aha moments?   

Here’s what one EMR Administrator/Privacy Officer said after her clinic’s first on-site HIPAA training presented by a Stericycle HIPAA Compliance Specialist: “This was a real eye-opener for our entire staff.”

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Topics: hipaa training, hipaa staff training, hipaa security training, hipaa privacy training, hipaa training for employees

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