Discussion 2: Topic 1 Describe health care regulation in your own words. What costs are related? Who is affected?
Discussion 2: Topic 1 Describe health care regulation in your own words. What costs are related? Who is affected?
Topic 1 DQ 2
Assessment Description
Describe health care regulation in your own words. What costs are related? Who is affected?
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Topic 1 DQ 2
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Discussion 2: Topic 1 Describe health care regulation in your own words. What costs are related? Who is affected?
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Healthcare regulation characterizes a set of rules and procedures that assist healthcare providers to provide their full services to consumers, especially during the outbreak of a disease and its endemic stage to enable them to control and prevent the disease from becoming a pandemic or epidemic (Yang et al., 2021). Health regulation plays a vital role in the healthcare system of protecting the public from various health risks and provision of different programs to promote public health and welfare (Pyone et al., 2020). Moreover, healthcare regulations are crucial in ensuring adherence to and provision of safe healthcare to all individuals who access the healthcare system. In turn, healthcare regulatory agencies are expected to monitor practitioners and healthcare organizations, deliver information regarding changes in the industry, foster safety, ensure quality services, and promote legal compliance. Federal, state, and local regulatory agencies have the responsibility of creating rules and regulations for the healthcare industry, and their supervision is obligatory.
Health care regulation is associated with various costs known as compliance costs. These costs are the expenses that an organization incurs to comply with industry regulations. The compliance costs include payroll for the department of regulatory compliance, systems needed for the regulatory process, finances and time spent on regulatory reporting, and conduct costs, which entail payments and fees made by an organization for breaching the current regulations (Barber et al., 2019). Compliance costs often increase with the increase in the regulations in the industry. As such, healthcare organizations risk incurring rising compliance costs when dealing with different regulations. Healthcare regulations often affect healthcare consumers by protecting them against health risks. The public is also affected by ensuring public interests and welfare are served by health initiatives. Providers are also impacted by ensuring safe working conditions for practitioners.
References
Barber, S. L., Lorenzoni, L., & Ong, P. (2019). Price setting and price regulation in health care: lessons for advancing Universal Health Coverage (No. WHO/WKC-OECD/K18014). World Health Organization.
Pyone, T., Aung, T. T., Endericks, T., Myint, N. W., Inamdar, L., Collins, S., … & Wilson, A. (2020). Health system governance in strengthening International Health Regulations (IHR) compliance in Myanmar. BMJ global health, 5(11), e003566. http://dx.doi.org/10.1136/bmjgh-2020-003566
Yang, B. K., Johantgen, M. E., Trinkoff, A. M., Idzik, S. R., Wince, J., & Tomlinson, C. (2021). State nurse practitioner practice regulations and US health care delivery outcomes: a systematic review. Medical Care Research and Review, 78(3), 183-196. https://doi.org/10.1177/1077558719901216
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