Menu9/9/16: Every industry faces unique compliance challenges and operational risks but the modern healthcare industry – hospitals, insurance companies, healthcare professionals, even life science companies – are walloped on all sides by regulatory and legal risks. In a post on his Corruption, Crime & Compliance blog, Michael Volkov focuses on some of those risks, writing, “Looking over a healthcare organization’s risk profile means considering the application of the Anti-Kickback statute, Stark Self-Referral, False Claims Act and HIPAA privacy rule to the organization’s activities.” Fortunately, Volkov offers help in how healthcare organizations can move through the complex business of accurate risk assessment. He writes, “Starting with each general category for a relevant law, a risk assessment has to focus on financial relationships, information collection, storage and use, and patient reimbursement and revenue cycle issues.”
