
Healthcare’s compliance challenge
Industry experts discuss the future of risk, data, innovation and regulation.
This special edition of GRIP has healthcare as its focus and contains a wealth of articles, interviews and deep dives into a variety of healthcare subsectors and topic areas.
We look at issues ranging from conflicts of interest to third-party risk management, as well as cybersecurity challenges – all in a sector where compliance challenges are becoming more complex. And we’ve spoken to some of the sector’s thought leaders too, gathering some fascinating insight.
This special edition does not specifically mention mental health, though, and it is with that in mind that I write this editorial. If left unaddressed, mental health inequities could lead to about $14 trillion in excess costs between now and 2040, according to one analysis of the topic. In far more general terms, there is a lot to be said for our daily mental wellbeing that may or may not involve medicine and therapy – but greatly affects our lives.
And there might be some glimmer of hope for our overall mental states if we account for the impact of caring and sharing on our own happiness. The latest issue of the World Happiness Report offers a lot to smile about. For example, when researchers dropped wallets in the street to find out what proportion of people returned them to their owners, it was far higher than expected. And benevolence increased during COVID-19 in every region of the world. This “benevolence jump” has been sustained since then, with benevolent acts still hovering 10% above their pre-pandemic levels.
Interestingly, our wellbeing depends on our perception of other people’s benevolence, as well as their actual benevolence. Since we underestimate the kindness of others, our wellbeing can be improved by receiving information about altruism.
Any discussion of our overall health should include a thoughtful examination of what makes us happy – and it turns out that making other people happy does the trick well.
We wish you much happiness extended and received.
Our best wishes,
Julie DiMauro
US Content Manager
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It’s time for structured oversight of AI in healthcare
How AI and other new technologies present novel compliance and enforcement risks and opportunities to the pharmaceutical industry.
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Risk as a catalyst: PwC’s Tiffany Gallagher on healthcare compliance innovation
How rapid tech advance has changed healthcare’s compliance landscape.
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Conflicts of interest in healthcare: Aaron Narva explains the tech and the processes
He talks about his AI-powered, data-driven platform and why better management of conflicts of interest can eradicate fraud and overspend.
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Celito Tech’s Ravi Monangi and Ethan Grammer on compliant growth in life science
We explored how small and mid-sized pharmaceutical and biotech companies can avoid costly early compliance mistakes and minimize risk as they scale.
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Podcast: Denis Jacob charts a path through regulatory uncertainty for healthcare
As leader of the ethics and compliance program at Henry Schein, Jacobs collaborates with stakeholders to ensure compliance, while prioritizing growth.
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India must regulate to safeguard its reputation as “the world’s pharmacy”
Last year, India’s pharmaceutical industry had an annual turnover of around $65 billion. But there is potential for far greater revenue.
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Regulatory uncertainty brings risk and opportunity to pharma in 2025, says Jeff Lemay
CCO Jeff Lemay reflects on his time at Jazz Pharmaceuticals and asseses the road ahead for compliance and legal teams in the pharma sector.
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CMA receives offer from Vifor Pharma
If the offer is accepted, Vifor Pharma’s commitments will become legally binding and the CMA will not have to determine if the law was broken.
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New in NY: Data breach notification and new health info privacy law
A triple helping of legal developments from New York State.
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Pfizer and Novo Nordisk rebuked over pharma payments
Two cases involving pharmaceutical companies highlight importance of adequate disclosure over payments to healthcare groups.
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McKinsey OxyContin settlement illustrates need for robust comms surveillance and archiving
The matter-of-fact narrative is scathing of the moral and ethical void at Purdue as well as the behavior at the consulting firm.
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HHS steps in after cyberattack on Change Healthcare prompts ransom payment fears
Change Healthcare struggled to bring services back online amid a cyberattack that has disrupted prescription drug services nationwide for weeks.
Click here to download this GRIP special issue in PDF format.