HIPAA Risk Assessment Consultants edit. The Health Insurance Portability and Accountability Act (HIPAA) assists in establishing some rules for all healthcare organisations. These rules are intended to protect the patients' private information, also known as protected health information (PHI). These rules must be followed by the healthcare organisation, and inability to do so could result in the payment of sizable fines and penalties. The healthcare facility may, in extreme circumstances, lead to the suspension of their medical licences.
The number of people harm caused by a leak of confidential medical data and the level of negligence involved have historically been used to gauge the severity of penalties for HIPAA violations. Few penalties are now levied in the smallest "Did Not Understand" HIPAA infraction class because there is little excuse for failing to understand that corporate entities have a duty to protect PHI. So hire a HIPAA risk assessment consultants and avoid penalties. Why HIPAA Risk Assessment Consultants Are Necessary? Not only large medical institutions are in the immediate zone of attack. For smaller and medium-sized health systems, it is a significant problem that not all insurance companies cover the cost of a HIPAA violation. The cost of a HIPAA breach includes not only the fine but also the cost of hiring IT professionals to investigate the violation, the cost of regaining the trust of the public in the medical practise, and the cost of providing credit counselling services to consumers. Additionally, insurers may establish insurance requirements based on the kind of HIPAA contravention and the level of fault. The cost of a HIPAA security risk assessment infringement could cause a small medical practise to go out of business if there was no insurance. By hiring HIPAA risk assessment consultants and then taking action to close any security gaps that are found, this scenario can be avoided. It takes time and effort to conduct an examination, but the outcome could be potentially lethal for small medical practises and their workmates. The HHS suggests that a company do the following to reach these objectives: • Locate the location where PHI is kept, collected, transmitted, or stored. • Possible dangers and exposures ought to be recognised and recorded. • Rate the risk of various combos of susceptibility and impact. • Make notes about the assessment and, if necessary, take action. It is not really a new requirement under the Health Insurance Portability and Accountability Act for Covered Entities to complete a HIPAA risk assessment hiring HIPAA risk assessment consultant. The requirement was initially adopted in early 2003 as a part of the HIPAA Privacy Regulation and later expanded to include the organisational, physical, and technological safeguards of the HIPAA Security Rule.
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