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As per applicable New York State law, certain providers in New York State are required to have an effective compliance program in place and certify on an annual basis that such compliance plan has been implemented and is effective.
In a healthcare marketplace increasingly driven by consumerism, it is critically important for patients to have access to data sufficient to enable them to be more informed, engaged and empowered to make decisions about their own care. Indeed, enhanced consumer engagement helps healthcare payors and healthcare providers improve patient acquisition and retention, strengthens brand value, lowers administrative costs, and leads to competitive advantages. Most importantly, greater consumer engagement can improve the health outcomes and quality of life of patients.
Faced with the growing challenge of finding attractive investment opportunities, private-equity firms have increasingly turned to the healthcare industry to bolster returns for themselves and their investors. In 2017, according to one estimate, the disclosed value of healthcare-related private equity deals reached roughly $42.6 billion. Despite fundamental uncertainty in the healthcare market – much of it driven by the political climate – healthcare spending in the United States has grown faster than GDP for decades, and $3.5 trillion was spent on healthcare in 2017 alone.
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