HIPAA is a complex set of rules, and it’s Administrative Simplification regulations are being enforced with greater intensity. But you don’t have to become an expert in privacy, security and breach notification laws and requirements to stay in compliance. What you need is help to implement the required controls, workforce education, proper documentation, and continual risk analysis and monitoring that will mitigate the risk of stiff financial penalties, lawsuits, and damage to your reputation.
Non-compliance is expensive
Fines can range from thousands to millions of dollars. Making an upfront investment of time and resources to become and stay compliant is a better business decision than paying the costs to recover from a breach or violation. Worse, these costs can be financially crippling to a practice.
Non-compliance drives away patients
Fines and enforced corrective action are a financial burden, but you also risk losing your business or damaging your brand. According to the 2013 Survey on Medical Identity Theft conducted by the Ponemon Institute, 57% of consumers would switch health care providers, if they knew their provider could not safeguard their medical records. They simply lose trust and confidence in their health care provider.1
It’s up to you
You must take charge of your practice and demand a culture of compliance. You must proactively mitigate risk by fully implementing a compliance program that meets HIPAA requirements for workforce education, proper documentation, and continual risk analysis and monitoring.
Smaller organizations – even the most conscientious providers – are increasingly turning to third-party providers to help with identifying risks and security threats, training staff, policy documentation, and assisting with ongoing compliance.
1. Ponemon Institute Research Report. 2013 Survey on Medical Identity Theft. Publication Date: September 2013. Research sponsored by the Medical Identity Fraud Alliance with support from ID Experts.