The post Top 5 HR Compliance Risk Areas Facing Healthcare Providers appeared first on RiskShieldTools.com.
]]>Healthcare has become one of the most highly regulated industries in the county and maintaining regulatory compliance has a permanent spot on top of the to-do list. The role of HR staff is unique in that it is not only a large source of risk, but the HR personnel can also play an integral part in the risk management of a business if properly supported. Achieving and maintaining HR compliance can be elusive goals for an organization that does not recognize the critical HR-specific risk exposure areas that exist and develop a strategy to minimize them.
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]]>There is no such thing as a riskless healthcare business purchase, but it’s appalling that the due diligence standard for healthcare business purchasers is often limited to an intensive of company financials. Such a limited focus will miss critical issues like—
The biggest problem healthcare business buyers have is a lack of certainty. Unless the buyer has been intimately involved in healthcare operations and in regular contact with healthcare legal counsel, they are not likely to be fully aware of the business and regulatory risks. Even more, healthcare is a very local phenomenon. What’s happening with surgery centers, addiction treatment or medical practices in South Florida is very different than what’s happening with them in North Florida.
As such, any meaningful due diligence of a business in the healthcare sector should include—
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]]>Knowing the numbers is one thing. Knowing the regulatory risks is something very different!
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]]>RiskShield Tools offers on-site CDI workshops as a service to our clients for compliant, improved patient care and revenue cycle.
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