Alex D'souzaManaging Editoreditor@healthcaretechoutlook.comThe American healthcare system's transition from traditional fee-for-service models toward value-based models is bringing in new upheavals for regulatory compliance. In a short period, value-based care initiatives have evolved from a set of initial programs backed by the federal agencies in the U.S. Department of Health and Human Services to innovative payment and service delivery models that are sponsored by private payors and other entities. With this evolution, healthcare providers have had to struggle with a regulatory framework that is not inherently well-suited to value-based payment arrangements. To effectively transition payment and care delivery systems, healthcare organizations are now rapidly developing, acquiring, and partnering with one another to achieve the expertise needed to participate in value-based care initiatives. Any healthcare system seeking to implement value-based care initiatives should, first, develop or enhance its healthcare regulatory and compliance program to focus on risks inherent in value-based care arrangements. The compliance department should always be kept in the loop about the conception and structuring of the value-based care model. Moreover, it is imperative for the compliance officers to ensure sufficient safeguards are established, and documentation around the various components of the value-based program is maintained. Each value-based care arrangement should be monitored and audited to ensure that it is operating in line with applicable laws and legal guidance. Hence, for healthcare organizations to evolve in this changing landscape, compliance and audit processes must be blended to be proactive and to resolve issues quickly and appropriately as they arise. In this edition of Healthcare Tech Outlook, we bring you the story of Nektar Analytics, an analytics firm that is transforming the healthcare compliance space by pushing the wave of risk-based auditing. Led by Jared Krawczyk, a compliance expert, Nektar Analytics is making it easy for internal audit and compliance teams to conduct an efficient and effective audit, identify the right areas of risk, resolve them, and ultimately, stay ahead of the curve by complying with government regulations.Let us know your thoughts!The Changing Face of Healthcare ComplianceEditorialManaging EditorAlex D'souzaEditorial StaffAaron PaulJoe PhillipJames SmithMark RobertVisualizerUTLOOKHealthcare Tech Copyright © 2019 ValleyMedia Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.November - 25 - 2019, volume 05 - Issue 27 Published by ValleyMedia Inc. To subscribe to HealthcareTech OutlookVisit www.healthcaretechoutlook.com UTLOOKHealthcare Tech *Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staffEmail:sales@healthcaretechoutlook.comeditor@healthcaretechoutlook.commarketing@healthcaretechoutlook.comPhone:510-230-0395Fax:510-894-8405Contact Us:ImmanuelJaxon JaseSalesRichard Gonsalves rich@healthcaretechoutlook.com
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