Versant Health, a national managed eye health and vision plan company, has appointed Lula Richards as its new chief compliance officer. Richards assumes the chief compliance officer role from Hayley Ellington-Buckles, who has moved into a new role supporting business operations as senior vice president of operations.
As chief compliance officer, Richards is responsible for ensuring Versant Health’s compliance with federal laws, rules, regulations, and internal standards, policies, and procedures. She will also oversee all internal audit activities and assure that Versant Health has a comprehensive and systematic approach to identify, prioritize, and assess business risks across the organization.
Additionally, Richards will develop strategy and lead Versant Health’s Special Investigations Unit in the prevention, detection, and referral for prosecution of fraud, waste, and abuse concerning providers, members, and other third parties. She will also provide oversight for a comprehensive privacy program ensuring that the privacy of, and access to, protected health information complies with applicable state and federal laws.
A U.S. Army veteran with more than six years of service, Richards joins Versant Health from Bank of America.