In the previous segments of this series, we introduced two recent federal regulations that are poised to have a significant effect on the health care industry – the Health Information Technology for Economic and Clinical Health (HITECH) Act and the Identity Theft Red Flags and Notices of Address Discrepancy (Red Flags Rule).
As the previous segments discussed, both HITECH and the Red Flags Rule establish new and complex regulatory requirements. Without a doubt, the best defense against regulatory fever is prevention through proactive planning. However, this is certainly easier said than done. While the regulatory framework of HITECH and the Red Flags Rule are complex, perhaps the most troubling aspect is the emerging IT market structure and its interplay with the new regulations.