Regulatory agencies are organizations that are charged with the process of overseeing the processes and procedures that are employed in the function of a given industry. In many cases, the regulatory agency is a department or division of a government entity, and is focused on setting and ...
How Valid is the AHRQ Patient Safety Indicator "Postoperative Hemorrhage or Hematoma"? Background Postoperative hemorrhage or hematoma (PHH), an Agency for Healthcare Research and Quality Patient Safety Indicator, uses administrative data to detect cases of potentially preventable postsurgical bleeding req...
Improved market healthA lesser-considered benefit of regulatory compliance is eliminating monopolies that can hinder competition and result in unhealthy markets. Regulations often drive fair practices that give all organizations a chance to succeed and encourage innovation. Increased equity and safety in th...
As it relates to thehealthcareindustry, one of the FDA's main goals is to protect the American public from radiation produced by electronic medical and consumer devices. All products that give off radiation, such as lasers, X-ray systems and ultrasound equipment, must be preapproved by the FD...
H. (2012). What's an accrediting agency supposed to do? Institutional quality and improvement vs. regulatory compliance: Do everything possible to let others know that we are open to discussion and that we do not believe that everything we do is perfect the way it is. Planning for H...
The U.S. Securities and Exchange Commission (SEC) is a federal agency responsible for regulating the securities industry.
A HIPAA audit also provides patients with the peace of mind that their private information is secure and never shared with the wrong people. Tip:Learn more abouthealthcare complianceand what is required from your business. 5. Sarbanes-Oxley Act (SOX) 2002 ...
If the data is being maintained and used by a consumer reporting agency If the data is being used for employment records purposes Since the law goes into effect midway through 2023, businesses should expect updates to the law via rulemaking in the first half of the year. ...
Risk management, particularlyThird-Party Risk ManagementandVendor Risk Management, are increasingly part of regulatory compliance requirements. This is especially true if you work in healthcare (HIPAA) or financial services (CPS 234, PCI DSS,23 NYCRR 500). With that said, the introduction of genera...
Along with the explosion of interest in cryptocurrency, there is a growing need for clarity regarding the legal implications of these new currencies and the technologies that drive them. Regulatory agencies, tax authorities, and central banks around the world all are working to understand the nature...