DHA 715 Innovation and Regulatory Compliance Assignment

DHA 715 Innovation and Regulatory Compliance Assignment

DHA 715 Innovation and Regulatory Compliance Assignment

DHA 715 WEEK 3 Innovation and Regulatory Compliance
Select a health care related law or regulation which has resulted in adoption of new operational processes to ensure compliance with regulatory guidelines.

Identify five important aspects of the law or regulation that would impact organizational approaches to risk management in a health care organization of your choosing.

Create a 15- to 20-slide Microsoft® PowerPoint® presentation that includes the following:

Summary of your selected health care related law or regulation
Outline of the five identified aspects of the law or regulation
Overview of effects of the law or regulation on your selected organization
Organizational changes in procedure resulting from the law or regulation
Organizational benefits and challenges associated with the changes
Effects of the changes on risk management initiatives within the organization
Develop detailed speaker notes for each slide.

Include at least five scholarly references in your presentation.

Format your work according to APA guidelines.

Submit your assignment to the Assignment Files tab.

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DHA 715 WEEK 3 Innovation and Regulatory Compliance

 

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What is Regulatory Compliance? Regulatory compliance has to do with a set of guidelines that an organization is required to follow in accordance with the law. … Those who wish to ensure regulatory compliance for a business should investigate all relevant rules for the industry and follow each law to the letter.

DHA 715 Innovation and Regulatory Compliance AssignmentMarket entry regulation increases the hurdles for companies to enter a specific market. This may be positive for the incumbents, because it reduces the competitive pressure and allows them to invest more resources in risky innovation activities assuming a rather high level of competition intensity.

DHA 715 Innovation and Regulatory Compliance AssignmentCompared to an unregulated benchmark, our baseline model estimates that the regulations reduce innovation and growth by 5% (e.g. from 2% to 1.9% per annum) and welfare by about 2%. These need to be added to the standard static misallocation losses other work has focused on (e.g. Garicano et al, 2016).