Some of the most sensitive personal information involves our health and medical history.
The Health Insurance Portability and Accountability Act (HIPAA) lays the groundwork for safeguarding health-related data by providing standards that companies need to meet.
If you work with any data of this kind – even as a subcontractor to another company – you must comply with HIPAA standards.
What can happen if you don’t follow HIPAA regulations?
Violating HIPAA standards can result in a range of financial penalties, including steep fines amounting to tens or hundreds of thousands of dollars. The amount you pay depends on the number of violations, whether they’re repeat violations, how quickly you correct them, and whether or not they stem from a relatively innocent misunderstanding vs. more deliberate forms of neglect. In some situations, you may face the threat of a prison sentence.
It’s imperative to avoid HIPAA violations not just a spare yourself the legal penalties. HIPAA compliance also makes you more trustworthy to consumers and business partners. By protecting sensitive healthcare data, you reduce the chances of a costly data breach that can destroy your company’s reputation.
Hiring HIPAA compliance consultants
Consultants will guide you through all the necessary steps to making your business compliant. They can assist you with implementing every safeguard. These security measures include encrypted transmissions, restricted access privileges, safe data disposal methods, audit reports, and secure data storage and backups.
As discussed in a recent article from Beta News, verifying your company’s compliance involves multiple complex steps, including identifying your vulnerabilities and determining the risks of various security lapses. Consultants are invaluable throughout this process and with ensuring your continued compliance.