Records management has taken on added significance for companies nationwide since the Enron and Arthur Andersen scandals and the enactment of the Sarbanes-Oxley Act in 2002. In light of these recent developments, all corporations should examine their records management policies and practices to evaluate compliance with federal, state and industry standards. This process is especially important for long term care providers in light of the hostile litigation and enforcement environment in which they must operate.
This issue of LTC Matters discusses the basics of records management policy, and the advantages of having, and steps for creating, an effective and compliant policy.