Compliance Challenges Brought On By the Tough Economy

Over the past couple of years the US economy has seen a major increase in unemployment, a huge decline in the housing market, and an increase in governmental and regulatory oversight. For the health care industry this means they see a higher number of underinsured and uninsured patients and an increase in the usage of the emergency room by those who are uninsured. This article will discuss a few compliance challenges faced by medical professionals in this tough economy. Increased productivity is one major hurdle every physician faces in a tough economy. Basically, medical professionals are required to do more with less in the current economic situation. This is a common theme at every hospital across the nation for emergency room physicians. Increase in regulatory oversight is another area of concern for both compliance professionals and physicians. One issue that physicians struggle with is the fair market value or financial value of the services that they provide.