An outpatient healthcare practice that is in compliance with all legal mandates is an attractive acquisition for obvious reasons. However, a practice that is also in compliance with clinical requirements that are not legally required is a practice that truly puts their patients and staff first. This paradigm shift translates into an increased valuation due to a better bottom line boosted by decreased turnover, lower malpractice premiums, and highly satisfied patients.
My first article published by MGMA (Medical Group Management Association) outlines the benefits of closing this compliance gap, not only to keep patients safe from harm but also to provide a higher standard of care. This higher standard is the ticket to improved patient and staff satisfaction because it provides a roadmap that all can follow and understand. Additionally, a clear clinical compliance process can contribute to increased accountability and a reduction in medical errors.
I hope you enjoy the article and feel free to reach out to me with any questions.