Reasons Healthcare Compliance Is So Important

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Reasons Healthcare Compliance Is So Important
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• All healthcare organizations as well as
  healthcare providers are very much affected by
  healthcare compliance, no matter whether they are
  a solo practitioner, clinics, or even the largest
  multi-national healthcare conglomerate. For many,
  healthcare compliance is just an unnecessary
  government intrusion and an oversight on the
  under-paid, overworked and under-appreciated
  people who devote their lives for the very noble
  cause of helping other people. And for the
  others, having a proper healthcare compliance
  program at place is considered to be an essential
  means and tool to improve the quality as well as
  availability of healthcare to the public and to
  control the costs of healthcare as well.
• Healthcare business and corporate law and
  healthcare compliance cant be and wouldnt be
  ever eliminated. The fact is that, it will only
  get more and more stringent as time passes by,
  with government agencies and 3rd party payers
  implementing more quality-based requirements.

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• Here are a few reasons why healthcare compliance
  is so important
• It drives patient transparency
• Often patients feel insecure in disclosing their
  private and intimate details to the healthcare
  organizations as they fear the impact of their
  details getting in the wrong hands. If they can
  somehow be assured about their medical details as
  well as data provided by them will be secure with
  their healthcare provider, they will surely be
  freer in disclosing their medical details and
  share their problems more freely. And such
  security can only be offered with a proper
  healthcare compliance program at place. The
  reason why it is so important is that there are
  many topics that may elicit sensitivity and
  timidity among patients substance abuse,
  reproductive concerns, mental health issues, etc.
• Studies show that people tend to seek healthcare
  more freely when they trust their healthcare
  providers. If their healthcare providers are
  trust-worthy, they are more likely to come back
  for a follow-up visit and also comply with the
  recommendation given by the doctor.

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• Non-compliance will lead to an increased risk of
  costs
• A healthcare firm could be non-compliant either
  unknowingly or intentionally. No matter what the
  case is, the non-compliant healthcare
  organization will face legal costs which could
  include fines of as high as 1.5 million. So, it
  is much easier as well as less expensive to
  simply comply with healthcare laws so as to avoid
  Medicaid investigations. It is therefore
  important to keep the system up-to-date, train
  employees periodically, and set-up secure
  processes so as to help prevent any possible
  security breaches.

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• The healthcare providers reputation is at stake
• Its not just about the monetary expenses that the
  provider would have to face in case of
  non-compliance, but its also about the
  non-monetary costs that you may incur.
• Non-compliance can cost you in many other ways
  such as loss of trust of your fellow patients,
  and the time and energy that is spent to contact
  patients in case a security breach takes place.
  Such instances can put a long-term stain on the
  reputation of the healthcare organization and the
  brand.

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