Increased Department of Labor audits put all employers at risk for fines, penalties and lawsuits. New innovations from ComplianceBug help simplify the requirements and fix costly issues.
Philadelphia, PA -- (SBWIRE) -- 10/24/2014 -- ComplianceBug, an online solution provider for employers and advisors to help manage the numerous compliance tasks required by the Affordable Care Act, ERISA, COBRA and HIPAA laws, today announced the company was honored with a 2014 Marcum Innovator of the Year Award. The award recognizes companies that have made ground breaking strides in the fields of technology, healthcare/biotech, manufacturing and business services. Peter Lewenson, Founder and President of ComplianceBug, accepted the award at a ceremony on Wednesday evening, October 22, 2014.
“As the Department of Labor has ramped up their enforcement efforts, senior business leaders including owners, CEOs, CFOs and human resource executives face increased amounts of personal exposure due to lapses of their fiduciary duties for laws such as ERISA, COBRA, HIPAA and now the Affordable Care Act,“ said Mr. Lewenson. “We’re honored that Marcum has recognized our dedication with helping businesses comply with the recent changes to the healthcare laws and we strive to be a leader within the Philadelphia community and our commitment to providing innovative education, support and resources to our partners and clients.”
To help employers comply with complex laws, ComplianceBug recently released two new solutions including a free Compliance Learning Center and a turnkey “all-in-one” risk assessment and monitoring solution that builds on the success of their proprietary Compliance Scorecard.
About Marcum Innovator of the Year Awards
Marcum LLP ranks among the top 20 independent public accounting and advisory service firms in America. The Marcum Innovator of the Year Awards were formed to honor entrepreneurship and innovation in the Greater Philadelphia marketplace. The Awards celebrate those companies that blaze a trail in their fields by constantly seeking new ways to advance their industries. Supported by multiple sponsors including PNC Bank, First Niagara and 44 Business Capital, finalist companies representing the Biotech/Healthcare, Technology, Manufacturing, and Business Services sectors were honored at an awards ceremony and are profiled in the September/October issue of Philadelphia SmartCEO magazine.
ComplianceBug provides practical HR & employee benefit compliance solutions for mid-market employers & group benefit advisors that measures compliance risk, fixes gaps and monitors on-going efforts in order to avoid significant fines, penalties and lawsuits from non-compliance with the numerous requirements under the Affordable Care Act, ERISA, HIPAA, COBRA and other laws. For more information visit: http://www.compliancebug.com