Corporate Compliance Report
The organization that I currently work for Healthways is a corporate based wellness company.
Healthways is a proactive, creative, total Health and Care Support organization thinking in new
ways about your health. By offering the broadest array of services; adhering to the highest
standard of delivery; encouraging individual engagement; and providing proven, validated
outcomes Healthways is leading the expanding industry by setting a new standard in healthcare.
For twenty-five years, Healthways has proven it’s financial, operational, and program value with
large, recurring revenues, positive cash flow, and validated outcomes.
The Committee of Sponsoring Organizations known as the COSO defines Enterprise Risk
Management as “a process, effected by an entity's board of directors, management, and other
personnel, applied in strategy setting and across the enterprise, designed to identify potential
events that may affect the entity, and manage risk to be within its risk appetite, to provide
reasonable assurance regarding the achievement of entity objectives." The framework of COSO
consists of eight different components and four different objectives. The eight components -
additional components highlighted - are: Internal Environment, Objective Setting, Event
Identification, Risk Assessment, Risk Response, Control Activities, Information and
Communication, and Monitoring. The four objectives categories are: Strategy - high-level goals,