Compliance needs a shrewd strategic plan
by Paul Cerrato | October 15, 2013
Creating a strong compliance program is key
Complying with a long list of healthcare-related laws and regulations remains a major challenge for provider organizations around the country. But a growing number of hospitals and practices are now viewing these pain points from a different perspective. Instead of looking at them as routine operational responsibilities, they are incorporating compliance into a carefully crafted strategic plan, one that not only reduces the risk of large penalties but may even provide revenue opportunities.
A recent report sponsored by the Association of Healthcare Internal Auditors and the consulting firm Protiviti ranked the top compliance priorities and compared them to priorities in 2012. This year, respondents, which included 88 U.S. healthcare providers, listed health information exchanges (HIEs) as the area that needed the most improvement, followed by value-based purchasing.
Read the full article… (Healthcare Finance News)