All You Need To Know About Healthcare Regulatory Compliance

Fremont, CA: Everyday healthcare providers are dealing with the nerve-racking task of complying with an increasing number of healthcare regulations. As per a recent report, the healthcare industry spends approximately $39 billion every year on the administrative tasks of regulatory compliance.

Today, healthcare organizations need to comply with over 600 regulatory requirements. The regulations concerning healthcare encompass various occupational sectors, including pharmacies, insurance companies, and cloud service providers. Below listed are three major laws that govern healthcare compliance in the United States.

Patient Safety and Quality Improvement Act (PSQIA)

The purpose of this law is to promote a safety culture by requiring peer evaluation of information about healthcare mishaps. To prevent the information from being utilized in lawsuits against the PSO, the statute created new patient safety organizations (PSOs).

The PSO is the primary vehicle for collecting data on adverse medical events and assisting providers in implementing strategies that reduce adverse events and foster safety cultures while improving care quality.