Healthcare compliance is everything when it comes to protecting your practice and patients. Should your practice not comply with industry standards and regulations, you become susceptible to security risks, missed revenue, and danger. Below are some of the top healthcare compliance issues for 2020 and what you can do about them.
Healthcare Compliance Issues:
Ransomware is a type of malicious and dangerous software that is designed specifically to block access to a software system or database until a sum of money or “ransom” is paid. Unfortunately, come providers have fallen victim to ransomware as digital technology enters the industry. This is one of the most common threats to patient health data in 2020.
Value-based Compensation Arrangements
The value-based care model is making entrances all over the industry. One of the top healthcare compliance risks to providers in 2020 is determining the value-based compensation arrangements for physicians.
Other than ransomware, data security is still a huge healthcare compensation risk. Making sure the software your practice uses is secure at all times is non-negotiable. Finding technology that is both secure and accessible is vital to staying compliant.
Due Diligence Processes
Due diligence processes for healthcare compliance include things like an annual risk assessment, exclusion checks, and conflict of interest reviews as well as the review of contractual arrangements, vendor review, and more. This regulatory healthcare compliance assessments keep your practice protected.
Telehealth Provider Qualifications
Yet another healthcare compliance risk that providers are facing now more than ever before is telemedicine provider qualification, licensing, and operations compliance. Ever since the start of the COVID-19 pandemic, providers everywhere have quickly adopted telehealth solutions. Some providers have fallen victim to compliance risks by choosing the wrong software and processes.
What You Can Do:
Upgrade Your Tech
Upgrading your technology to something that offers top-of-the-line security and accessibility is key. The right vendor will off encrypted cloud-based software that is accessible by a mobile device. They will offer a solution that is safe and guaranteed to protect your organization from cybersecurity risks. The right software will make it so your team can always have peace-of-mind that they are remaining compliant with industry standards.
Form Quality Partnerships
Your organization needs to establish partnerships with trusted vendors. Experienced and trusted vendors of services like telehealth, RCM, CCM, and more can be extremely helpful in reducing your healthcare compliance risk. The right vendor is up to date and completely informed on all industry standards so that you never fall victim to compliance errors. Their top priority is not only removing some of the burdens off the shoulders of your organization but also helping you excel along the way. The right partnership can offer your team peace-of-mind while also enabling you to focus more heavily on the quality of patient care you are offering.
Providers will only face new developments in healthcare compliance as technology continues to evolve and new tools are introduced. You need quality technology and the right vendor to make sure you do not fall victim to compliance errors. To learn more about software solutions that can help you navigate healthcare regulations and compliance standards, click here.