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The significance of compliance is apparent in this year’s compliance report. More than ever, we are seeing a lot of growth from one organization to the next. For example, last year’s report showed that 92% of respondents said their organization had a formal compliance program. That number is up 3% from the previous year, and up 8% from two years ago. Organizations without a formal plan in place, a dwindling 8%, are now in a very small and shrinking minority. The report also shows that existing compliance programs are becoming more and more foundational in healthcare organizations. 92% of programs are either increasing their budgets or staying the same while only 8% of programs’ budgets are shrinking this next year.
But, as always, there’s plenty of room for improvement, too. 18% of organizations are not performing an annual risk assessment. And even rockstar compliance programs need to constantly evolve with rules and regulations. Some organizations are going strong in one area but are weak in others.
Healthicity’s annual State of Compliance report delivers rich data to help you visualize how your organization stands up to industry benchmarks. Download your free copy today and use it to:
- Compare Your Program with Industry Standards
- See Where Your Peers Turn for Compliance Updates
- Determine Which Areas of Your Organization to Audit
- Get Ideas for Next Year's Workplan