Question

Costs of HIPAA Compliance?

Think about the relationship between legislation/policy and how it increases healthcare costs too!

Answer 1

Increasing Healthcare cost is one of the major problems in the Healthcare industry inside the United States. Cost has been really increased in last few decades and its constantly increasing in different markets across the United States. Healthcare industry is very much affected by the huge increment of the overall cost in the industry. This is specific term is directly increasing the overall cost of the Health Care Network insight United States of America.

Some factors which are responsible for increasing cost of Healthcare networks inside United States of America are as follows.

Newer technologies are expensive

As we are moving towards the digital era, technologies are taking place inside the Healthcare organisations. DJ specific technologies are very expensive and implementation of these a specific Strategies and to the Healthcare organisations leaves a huge impact on overall cost. After the application maintenance of the specific technology is also very high which leaves and impact on the overall cost of the Healthcare network. While having technological implementation inside the organisation and Organisation directly increases its overall efficiency but also increases its operating costs which is later added to the overall cost of the Healthcare industry.
Extreme research and development on the Medicare products and less availability of the specific medicines creates an additional cost of research and development as well as forcing for the Healthcare industry which directly increases the overall cost.

Privatisation of Healthcare network

Privatisation is one of the major factors in increasing the overall cost of the Healthcare system. Private Agencies directly wants to earn more than the total expenses hence the create extreme plants to generate huge revenues from the patient which directly increases the overall expenses for the company and for the Healthcare industry. Privatisation also creates more expensive and fancy structures which are required a huge investment which directly leads to increased cost of the Healthcare organisation.

Quantity not quality

Most of the Healthcare organisations are awarded on the basis of the patient have read it but not the quality of the service they have provided. This specific practice has increased the overall intentional care from the Healthcare networks as a tool of benefit. Specific excessive implementation of the Healthcare procedures increases the overall cost for the industry as well as a Healthcare network.

As America is moving towards more intuitive Healthcare structure policy changes are one of the most important factors which are affecting the overall cost involved in operation of Healthcare Industries. Increased medicine cost as well as increment in different hidden costs such as equipment and other cost is driving a change in the industry. Ever changing laws according to the need of the society are also affecting the overall cost involved in operation for Healthcare organisations.
The changes in a different policies security of the patient as well as increasing level of awareness in the society is driving a change into the overall cost management all the Healthcare facilities. All the Healthcare organisations are required to have relation in a positive manner with the federal Health Care Agencies to maintain a working structure in United States of America.