Healthcare regulatory compliance offers many benefits to medical facilities. In many cases, accreditation can be essential for a successful facility. Healthcare regulatory compliance can provide many quality and financial advantages. Therefore, accreditation can help your facility achieve more. Learn more about the perks of healthcare regulatory compliance and accreditation.
Healthcare Regulatory Compliance Helps Improve Performance
Many facilities improve their performance by working toward healthcare regulatory compliance. For example, both life safety compliance and environment of care audits help improve patient safety and quality of care. While accreditation isn’t required, it is an outward commitment to improving the quality of your facility. Part of maintaining your healthcare accreditation status is working for constant improvement. Part of accreditation compliance includes continuously finding ways you can improve, measuring results, and adjusting your processes. In fact, studies show that accredited hospitals generally have a better baseline for performance. Also, they generally improve at a faster rate compared to non-accredited hospitals. Therefore, accreditation helps with your facility’s commitment to quality.
Financial Benefits of Healthcare Accreditation
Additionally, healthcare regulatory compliance and accreditation offers financial advantages as well. Federal programs like Medicare and Medicaid require compliance before they pay for care in your facility. However, there are also many other benefits. For example, the risk management practices you implement for life safety compliance may also help reduce your facility’s insurance costs.
Also, accreditation is a great way to stand out to your community and competitors. Therefore, achieving accreditation is a great way to market your facility. Many medical insurers view accreditation as a factor in determining who provides quality care for their enrollees. Your community may also prefer your healthcare facility once you achieve accreditation. Therefore, healthcare accreditation may increase the number of patients you receive. In turn, this can increase your revenue. Accreditation may help give you the competitive edge you need against other healthcare facilities in your area.
However, accreditation can be hard to achieve. Many of your staff may be unable to perform the extra duties needed to start your journey toward compliance. Therefore, consider setting up a mock survey. This can help you identify areas of non-compliance, find solutions, and apply them.
At Healthcare Life Safety Services, we help your facility pass compliance audits. Our team evaluates your healthcare facility to give you a starting point for accreditation. Our practical and cost-effective services help you get ready to pass your survey. Call us today at (281) 598-1359 to talk to one of our professionals and request a free estimate. We are here to serve you.