'Cries for Help' in Deciphering Regulatory Changes
Last month, publisher Wolters Kluwer Law & Business opened the Health Reform KnowlEdge Center to provide a comprehensive consulting service to payers and providers struggling to keep up with the pace of change. "We have been hearing a lot of cries for help over the past two years," says center director Nicole Stone. "It became clear to our clients that this new [healthcare reform law] wasn't going away. … They needed to prepare themselves for what was coming in the future."
Stone says healthcare providers and payers have been overwhelmed with more than 700 new laws and regulations since President Obama signed the PPACA in March 2010. "There's so much out there that particularly providers need to comply with," she says, such as the imminent adoption of the ICD-10 code sets for medical diagnoses and inpatient procedures. "I don't know how anyone stays on top of all that information and can still do their own job."
Several Wolters Kluwer clients have hired lawyers and analysts "just to keep track of the health reform changes," Stone says
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