We help businesses that collect healthcare data stop worrying about HIPAA compliance by implementing simple, proven systems for collecting, storing, and transferring sensitive data.
HIPAA compliance is complicated. The Health Insurance Portability and Accountability Act of 1996 (HIPAA) is designed to protect the electronic protected health information (ePHI) of customers and ensure that the information is stored, accessed, transferred, and processed in ways that do not allow it fall into the wrong hands. For companies operating in the healthcare industry, HIPAA compliance is absolutely vital because of the sensitive nature of health information and the steep punishments for being found non-compliant.
Find simple solutions to the complex HIPAA compliance problem
Foresite’s expert HIPAA compliance consultants will help your company implement data collection and storage policies that not only ensure you are presently compliant, but also put you in a position for ongoing compliance. We aren’t simply compliance box checkers. Our team will help your business find innovative ways to achieve compliance without interrupting your current business processes.
The penalties for noncompliance with HIPAA regulations are stiff. A single violation can range from $100 to $50,000 based on the level of negligence. Additionally, a maximum penalty of $1.5 million per year can be assessed for violations of an identical provision. This means that businesses that continually store or transfer ePHI in a noncompliant way are leaving themselves open to millions in damages. Penalties that high could shut your doors permanently.
Evaluate third-party business associates
Nearly 25% of all cyber breaches occur through data stored by third parties. In 2013, third-party partnered business breaches affected 48% of the 26.8 million people whose data was breached. For companies that must be HIPAA compliant, this is a huge problem. These breaches may not only affect your compliance, but can also erode customer confidence in your organization. It is incredibly important that you conduct a full audit of any business associate that will be storing your customer data to ensure that they are HIPAA compliant and have the best practices in place for storing customer data.
Foresite offers complete HIPAA HITECH audits to ensure that your business partners are up to date and do not expose your organization to undue risk. When a business associate has never required HIPAA compliance previously, we work with them to implement policies and standards that not only ensure that they are currently compliant, but will also ensure they remain so in the future.