True or False: The 2023 OIG Compliance Program Guidance requires organizations to conduct periodic compliance risk assessments at least annually.

The statement is true because the OIG (Office of Inspector General) Compliance Program Guidance emphasizes the importance of regular compliance risk assessments as a fundamental component of effective compliance programs. Conducting these assessments annually helps organizations identify and mitigate potential compliance risks that could lead to violations of laws and regulations, including those related to healthcare fraud and abuse.

The guidance underscores that these periodic assessments are crucial for adapting to changing regulations, organizational needs, and the dynamic healthcare environment. By performing risk assessments at least annually, organizations can ensure that they remain proactive in their compliance efforts and that they are effectively addressing any newly emerging risks. This practice supports the overall goal of maintaining compliance and fostering a culture of ethical behavior and accountability within healthcare organizations.