Importance of Healthcare Compliance

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Importance of Healthcare Compliance
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• All types of healthcare providers and healthcare
  organizations are affected by their healthcare
  compliance program, irrespective of whether they
  are a multinational healthcare conglomerate or a
  small-scale solo practitioner.
• Healthcare compliance could be considered by some
  as an unnecessary government intrusion and an
  unwanted oversight on the underappreciated,
  overworked and the underpaid people who are
  devoting their own lives towards serving others.
• For the rest of the people, healthcare
  compliance Las Vegas could be considered as a
  means to improve the quality as well as the
  availability of healthcare along with controlling
  the cost of healthcare.

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• Healthcare compliance measures cant be
  eliminated completely, ever. In fact, compliance
  measure may further become even more stringent in
  the coming years, as the 3rd party payers and the
  government agencies implement more quality-based
  requirements for better healthcare services.

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It Drives Patient Transparency

• Patients tend to be much freer and confident
  about disclosing their intimate medical
  information, when they feel assured that their
  medical details and information would be secure
  with the given healthcare providers.
• There are a lot of topics that tend to elicit
  sensitivity and timidity in the patients
  substance abuse, reproductive concerns, mental
  health issues, etc.
• When healthcare providers fail to garner trust
  among patients regarding providing their medical
  and personal data, it leads patients to withhold
  certain medical information which could make lots
  of difference in providing accurate diagnoses.

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• Research suggests that trustworthy healthcare
  providers who comply with healthcare business and
  corporate law are able to convince more patients
  into seeking healthcare.
• In such cases, patients are much more likely to
  come back for a follow-up visit and comply with
  the given prescriptions and recommendations.

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Non-compliance Would Lead To An Increased Risk Of
Cost

• Non-compliance of healthcare measures could be
  either intentional or it could have happened
  unknowingly.
• In either case, the non-compliant healthcare
  providers could face legal costs in the form of
  fine that can go up to 1.5 million.
• Therefore, it must be remembered that complying
  with healthcare measures and programs is much
  easier to execute and is less expensive, as
  compared to consequences of going the other way.

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• Also, keeping the system up-to-date, training
  your employees regularly, and setting up secure
  processes, could be helpful in preventing
  security breaches, and also helps avoid Medicare
  investigations.
• With an effective healthcare compliance program
  at place, providers are able to avoid hefty fees
  and fines that accompany non-compliance of
  healthcare measures.

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Reputation Of The Provider Is At Stake

• Its not just about the monetary expenses.
  Healthcare providers need to consider the
  non-monetary costs of non-compliance as well.
• Non-compliance could cost you in many other ways
  like there could be loss of trust among patients,
  security breach can cost hours thatd be
  dedicated to contacting patients both of this
  can further put a stain on the brand identity of
  the healthcare provider.
• This is the reason why it is so critical that
  proper healthcare compliance standards are set
  and followed by all healthcare providers to avoid
  fines and fees, and also to keep patients trust
  on the healthcare organization.

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