The health care industry has seen radical changes and continues to evolve thanks to technology, competition, and, especially, government regulation. Regulatory compliance alone has created rigid and ever-increasing guidelines in all areas of health care, and especially in hospital, clinic, and nursing home operations. Simultaneously, industry consolidation, primarily through mergers and acquisitions, has increased the sector’s business and legal complexity.
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“With the gradual implementation of the Affordable Care Act underway, the health care industry faces a fresh set of challenges. The creation of insurance exchanges looms on the horizon. Health care providers are challenged by the implementation of electronic medical records, as well as the industry’s obligation to protect patient privacy. Unfortunately, large data breaches were a defining characteristic of the past year. As more health care providers transition to EMR, it is incumbent on them to ensure they have systems in place to protect those records, and a plan to timely respond to privacy breaches.”
- Carlton Fields shareholder Linda Fleming |
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