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Rising Medical Solutions, an Early Adopter of SAS 70's Replacement Standard
Date:9/23/2011

  • Description of a "System" vs. Description of "Controls": SSAE 16 requires a description of the "system", while SAS 70 only called for a description of "controls". SSAE 16's "system" description is seen as a more expansive, detailed requirement.
  • Written Assertion by Management: SSAE 16 requires a written "assertion" by management, something that was never required for the SAS 70 auditing standard. The service organization provides a written assertion to the auditor ensuring a number of control essentials.  The control environment also requires a company to have ongoing monitoring activities or separate evaluations in place to support management's assertion.

  • Ultimately, the switch from SAS 70 to SSAE 16 allows companies, like Rising, to better meet objectives for financial reporting reliability and operational effectiveness and efficiency. Rising expects its environment to be fully reviewed and tested by year's end.

    About Rising Medical Solutions Inc.

    Rising Medical Solutions is a national medical-financial solutions firm that provides medical bill review, hospital bill review  and medical cost containment services to the workers' compensation, auto, liability, and group health markets. Inc. magazine and the Private Company Index (PCI) rank the Chicago-based company as one of the fastest growing private enterprises in America.

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    SOURCE Rising Medical Solutions Inc.
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