The Affordable Care Act (ACA) has changed the landscape of healthcare compliance within the medical industry. The ACA regulations being implemented for medical providers across the country cover a broad range of healthcare operations, but demand strict standards in each individual segment. This has already changed and will continue to change the internal workings of medical practices around the country.
Tightened Regulations Means Thorough AuditsWith tightened regulations, comes thorough audits. Hospitals and medical practices across the country should be prepared for audits to assure compliance in the wake of ACA implementation. The ACA has emphasized the importance of internal compliance audits for medical providers to minimize the risk of potential penalties. For hospitals, this means the role of Chief Compliance Officer (CCO) has become that much more important, and taken on an even more intense sense of pressure. However, what does this mean for smaller medical practices that may be facing the same audits, but don’t have the internal CCO to address compliance concerns?
Responsibilities Addressed by CCO
- Develop internal compliance program
- Complete an internal audit
- Continual review of internal compliance
- Changing compliance program to meet newly imposed regulations
- Educating the staff on compliance regulations
- Create a system for reporting and addressing non-compliance
- Relay all compliance issues to the lead physician or owner