In the Telehealth industry, professional certifications are crucial components of regulatory compliance. Companies must maintain a vast array of certifications, ranging from licensure to specialty certifications; failing to stay compliant has dramatic and costly repercussions. In this context, prominent players in Telehealth have seen the value of streamlining the certification management process; integrating a professional certification management software is thus a logical step for any organization striving to remain above-board.
At the organizational level, a professional certification management software helps streamline the processes connected to certifications, ultimately leading to an increase in operational efficiency. From the human resource department to the financial team and beyond, any member of the organization can benefit from utilizing this technology. Human resource professionals benefit from increased accuracy in the certification tracking process; they can swiftly access updated information related to an employee’s certification(s) and even automate emails to remind staff members of upcoming renewal or expiration dates.
Furthermore, corporate finance teams also benefit from utilizing professional certification management software. For example, an automated system that allows for a real-time view of current certifications helps finance officers to accurately calculate the payroll of employees, as their salary often depends on the certification(s) they hold. In addition, forecasting future expenses related to certifications and the human resource department is easier with the software, as financial team members can access necessary information related to expiration and renewal dates.
What appears to be an expensive expense at face value is actually an investiment that can pay off in countless ways. The savings from avoiding penalties and fines due to non-compliance are hard to dispute; compliance costs, legal fees, and lost man hours due to non-compliance are only the tip of the iceberg. Additionally, the potential savings related to the avoidance of a tarnished reputation, damage to existing customer relationships, the creation of delays due to compliance issues, or the need to devote additional resources to litigation can all be avoided if organizations remain compliant with certifications.
Obviously, considering the uncertainty of a return-on-investmenent or the cost-efficiency of a professional certification management software, organizations in the Telehealth industry can be hesitant to embrace the software. However, it is imperative that they understand the value of incorporating such a software; the potential repercussions of not doing so can be dramatic and costly. Thus, any organization striving to remain legally compliant should seriously contemplate integrating a professional certification management software.