By Michael Rasmussen, 2017 GRC 20/20 Research, LLC
Healthcare is a dynamic and regulated industry that is in a continuous state of change. The combination of shifting regulations, risks, and organizational change are the greatest challenges facing this industry. Consolidation of hospitals, industry reform, and expanding services and clinics and competition from non-traditional sources is forcing healthcare organizations to reconsider how they approach governance, risk management, and compliance (GRC). Trying to keep this change in sync with growing, evolving, and shifting regulations and risk ends up burying GRC roles in mountains of tasks and processes in a struggle to keep up and in sync with change. An application by Wolters Kluwer ComplyTrack is discussed as a solution to these challenges.
