Given the large number of applicable laws and regulations, as well as their potential consequences for providers, health care managers must treat regulatory compliance with the importance given to other areas of health care operations. Due diligence is essential, both for internal compliance and responses to governmental inquires. To ensure that the appropriate attention is devoted to regulatory issues, appoint a regulatory compliance officer who reports directly to the CEO.
• Identify the major laws and regulations affecting health care organizations.
• Why is the health care industry so heavily regulated?
• What are the central goals of these laws and regulations?
• Who benefits from them? Explain.