Three Industries that Require Certified Regulatory Compliance

In the modern marketplace, nearly every industry is held to certain regulatory standards for information and data handling. Certified regulatory compliance has proven to be a challenge for many businesses. Regulation complicates many aspects of recordkeeping and operations, especially in industries that handle sensitive data. As a result, the line between remaining compliant and properly protecting customer data and sensitive assets has a tendency to blur.

For small businesses, however, the challenges of certified regulatory compliance are even greater. Startups can rarely afford the services of a full-time compliance manager. Unfortunately not many entrepreneurs have a full working knowledge of the regulations affecting their industry. Thankfully, there is a solution to this problem. You can rely on an outside service provider to handle certified regulatory compliance so that you can focus on actually running your business.

If your business operates in any of the following sectors, regulatory compliance should be one of your top priorities as a manager. Keep in mind, however, that this is not even close to an exhaustive list. If you’re curious about the regulatory environment for your industry, there’s no substitute for professional counsel.

Healthcare

As one of the most regulated industries worldwide, the healthcare industry should be highly concerned with certified regulatory compliance. One of the most important aspects of the healthcare industry from an ethical and legal standpoint is the protection of patient information. This is more than a matter of doctor-patient confidentiality. Data breaches, hardware failure, and other potential disasters pose a huge threat to the integrity of healthcare organizations. HIPAA compliance is often at the top of a healthcare administrator’s list of priorities.

Certified regulatory compliance is essential for any healthcare organization, and compliance often coincides with investments in solutions like data backup and recovery. At Diverge IT, we have experience working with healthcare providers to handle regulatory compliance and other issues.

Finance

Like the healthcare industry, the financial sector is also highly regulated. 21st Century legislation like Sarbanes-Oxley has made compliance more of a priority than ever before. Responsible bookkeeping and reporting are top priorities. Any business that involves moving large amounts of money should be highly aware of compliance issues.

Diverge IT has extensive experience handling certified regulatory compliance and other IT needs for financial institutions. In high-risk industries like these, it pays to be vigilant.

Education

Regulation has become part of the DNA of higher learning institutions. Legislation like FERPA and Title IX have affected the way universities and colleges operate on a fundamental level, and can carry heavy penalties for breaches in protocol. Regulatory compliance affects nearly every department in an institution, from admissions to athletics.

Regulatory compliance is a great trademark of an ethical organization, and regulatory breaches can carry heavy civil, criminal, and financial penalties. If you think your business could benefit from professional consulting on certified regulatory compliance, it’s worth having a conversation with a professional about it. Besides our suite of managed services, Diverge IT also offers compliance expertise that can help protect your business. Don’t hesitate to get in touch if you’d like to get a conversation started,