The Health Insurance Portability and Accountability Act (HIPAA), and its enabling regulations, ensures patient information and records are protected and maintain their integrity. This requires healthcare organizations to control the use and access to a patient’s private identity and medical information.
Change has become the new normal across industries. The healthcare industry is dealing with changing market dynamics and is only now realizing the full impact of the Affordable Care Act. The financial services sector is facing growing regulatory challenges on one side and the opportunities offered by the recovering global economy on the other side.
Alan Shemelya is the Vice President of Healthcare Business Development and is responsible for growing Prolifics’ healthcare services and solutions for customers around the world. With more than 30 years of experience and thought leadership in the Healthcare industry, Alan has accomplished an impressive list of milestones over the course of his career.
With all the changes happening in the Healthcare payer sector in lieu of regulations and increasingly tough insurance market, now is the need more than ever to have flexible, smarter processes. The need of the hour is to continuously monitor market trends, identify insurance products that are not cost efficient, refine the market strategy, create flexible customized products and introduce the products within the shortest possible time to market.
Business organizations in a variety of industries face hardships and pain points when faced with a change. It’s especially hard when it’s a forced change through government regulations. The Affordable Care Act (ACA) presents one such challenge to organizations in the healthcare sector.