Regulations are laws, principles or rules that govern people’s conduct. The government uses regulation to influence the interaction and behavior of people and at the same time shape incentives. Regulations fall under various categories including; codes of practice, accreditation programs, principal acts, agreements and policy guidelines. In the field of health care, regulations can be imposed on the practice itself, health insurance firms, health care providers, health insurance bodies and health care professionals (Novak, Berg and Wilson, 2010).
Role of governmental regulatory agencies and its effect on the health care industry.
The role of governmental regulatory agencies in healthcare is to oversee the monitoring of both institutions and practitioners within the ...