Health Care Compliance and Profitability

Health care institutions are challenged to comply with a broad array of rules and regulations generated by government, accrediting agencies and organizations, third party payers, citizen advocacy groups, and the ethical codes promulgated by the organizations to which health care professionals belong (Credo Group, 2004). Complying with often demanding regulatory systems is costly. As noted by the Credo Group (2004), compliance costs can erode profitability in any organization. Given that health care institutions must meet multiple compliance standards, a great deal of time, energy, and money is dedicated to ensuring compliance, thus redu

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