Case Study: Fresenius Medical Care strengthens compliance monitoring with Case IQ

Fresenius Medical Care gains near real-time compliance visibility with Case IQ

Fresenius Medical Care, a global provider of renal care products and services, faced a significant challenge after entering into agreements with the U.S. Department of Justice and the Securities and Exchange Commission. The company was mandated to enhance its compliance program and internal controls, requiring a solution to actively monitor compliance risks in its global vendor spend and distributor transactions, moving beyond its previous sample-based methods. To meet this need, Fresenius Medical Care selected the compliance monitoring software from vendor Case IQ.

Case IQ's solution provided Fresenius Medical Care with a comprehensive platform to risk-score transactions in near real-time using dozens of configurable analyses. The software enabled the compliance team to identify potential issues, document remediation steps, and generate real-time reports for stakeholders. As a result, the implementation dramatically accelerated the company's use of data to manage risk and detect non-compliance, providing near real-time visibility into transactions globally and successfully helping them to satisfy their monitorship obligations.

Fresenius Medical Care