Healthcare Industry and HIPAA Compliant Solutions
The latest buzzword that is making rounds in the healthcare industry is “compliance”. The reason for this is that most enterprises are monitoring their compliance with safety and environmental regulations and policies for quite some time now.
New regulations under HIPAA, i.e. the Health Insurance Portability and Accountability Act has resulted in increasing compliance mandates and the risks accompanying non-compliance to any such regulatory mandate. Healthcare service providers under this act can be put under penalties that vary from criminal prosecution via civil monetary penalties and omissions from the clinical programs. If we go back to the year 1997, the U.S attorneys impeached about 553 criminal instances of fraudulent health care activities. Civil health care along with criminal prosecution resulted in as much as $1.2 billion in fines, settlement and judgments.
All these aspects make us realize the need for a complete healthcare compliance solution. HIPAA was established in the year 1996, with the following objectives in mind:-
- Enhance the portability and continuity of health insurance coverage
- Minimize the expenses through improved efficiency, effectiveness and standardization
- Allows easy interchange of electronic data
- Makes sure that the personal health record privacy is well guarded
Today, we have eminent service providers with state-of-art technology solutions to help organizations remaining HIPAA compliant. They provide detailed risk analysis with comprehensive security and guidance on important factors for various clinical practices. In addition, these solutions result in tracking and handling the business associate’ s IT Compliance documentation as well.
In addition, these innovative solutions require no hardware or software investments and can be implemented easily and quickly. Consumers need not worry with regards to the backup requirements and other technical equipment. Furthermore, the solution also assures that no electronic patient information is deleted from the client sites.
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