Compliance Deconstructed is back and, in this episode, Jessica Zeff, Elvan Baker, and Lorie Davis dive into why budgeting is essential for building a strong, sustainable compliance program. They challenge the common misconception that compliance is a low-cost, back-office function and outline why underfunding it puts organizations at risk.
Throughout this episode you will gain insight into the true nature of compliance work, from developing policies to managing investigations and why these tasks require specialized resources. Compliance is not a “plug-and-play” role, but a complex, thought-driven function that operates across the entire organization.
The discussion also highlights real-world examples of how compliance teams protect organizations from reputational and financial harm. From handling data breaches to ensuring regulatory reporting, the episode showcases why budgeting must consider both predictable and unexpected needs.
This episode unpacks the 2025 Medicare Final Rule and how it raises the bar for compliance expectations across the healthcare industry. Organizations must align their budgets with updated compliance obligations, including expanded risk assessments, reporting requirements, and the need for continuous professional development—essential elements for staying ahead in a dynamic regulatory landscape.
🔑 Key Takeaways
- Compliance is a strategic function that requires dedicated resources, not an afterthought or cost center.
- Underfunding compliance can result in missed violations, regulatory penalties, and reputational damage.
- Effective budgeting includes preparing for the unpredictable, such as investigations and regulatory changes.
- Compliance work spans multiple departments and stakeholders, making cross-functional coordination critical.
- The 2025 Medicare Final Rule reinforces the need for comprehensive risk assessments and updated compliance plans.
- Building a compliance budget should be data-driven, scenario-based, and aligned with both risk and strategic goals.
Learn more about Healthcare Compliance and discover how Simply Compliance can help your company at simplycomplianceconsulting.com.
Popular Podcasts
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.
Las Culturistas with Matt Rogers and Bowen Yang
Ding dong! Join your culture consultants, Matt Rogers and Bowen Yang, on an unforgettable journey into the beating heart of CULTURE. Alongside sizzling special guests, they GET INTO the hottest pop-culture moments of the day and the formative cultural experiences that turned them into Culturistas. Produced by the Big Money Players Network and iHeartRadio.
Crime Junkie
Does hearing about a true crime case always leave you scouring the internet for the truth behind the story? Dive into your next mystery with Crime Junkie. Every Monday, join your host Ashley Flowers as she unravels all the details of infamous and underreported true crime cases with her best friend Brit Prawat. From cold cases to missing persons and heroes in our community who seek justice, Crime Junkie is your destination for theories and stories you won’t hear anywhere else. Whether you're a seasoned true crime enthusiast or new to the genre, you'll find yourself on the edge of your seat awaiting a new episode every Monday. If you can never get enough true crime... Congratulations, you’ve found your people. Follow to join a community of Crime Junkies! Crime Junkie is presented by audiochuck Media Company.