One benefit of having an effective compliance program is that it demonstrates what to the practice?

An effective compliance program serves as evidence of a good faith effort to adhere to regulatory requirements and ethical standards within a healthcare practice. This notion of good faith is critical in demonstrating to stakeholders, including patients, regulators, and insurance companies, that the organization is committed to conducting its operations in a legal and ethical manner.

Such a program encompasses policies, procedures, and training that foster a culture of compliance. By actively engaging in compliance activities, a practice shows that it is not only aware of the laws and regulations that apply to it but also actively seeks to meet those standards. This can provide reassurance to patients and build trust within the community, which can be pivotal in the healthcare sector.

While compliance with laws, financial savings, and increased patient satisfaction can also be outcomes of a robust compliance program, they are secondary benefits. The primary focus of the compliance program is to cultivate a proactive compliance environment, primarily illustrated through a demonstrated good faith effort.