Transform risk and complexity to your advantage
In the new Health Economy, the most successful players will capture value by both uncovering strengths and developing new capabilities. More sources of risk and complexity are emerging, ranging from new technologies, cyber threats and regulatory requirements to changes in accounting and tax rules. A seemingly simple regulatory change can have significant ripple effects across many areas of a company’s business.
As executives develop new strategies, products and services – and implement structural changes – the holistic management of risk and regulatory complexity is increasingly key to success.
Health industry entities face this increasing complexity on a daily basis, as market-driven innovation rapidly outpaces the regulatory framework in an environment rife with government enforcement actions. Health Services organizations in particular must satisfy multiple strategic, customer and regulatory priorities, including the rapid evolution to patient-focused, value-based care, all while navigating a complicated, dynamic risk and regulatory environment. The ability to move quickly and confidently in the midst of the resulting uncertainties is critical to both creating value through achieving strategic goals and protecting that value from the consequences of regulatory non-compliance.