If you are in the health care business, chances are you have heard the phrase “HIPAA Compliance” before. However, what you may not know is how truly important HIPAA Compliance is for your business, or even what HIPAA Compliance is. No need to worry; Hammett Technologies is here to help!
What is HIPAA Compliance
HIPAA or the Health Insurance Portability and Accountability Act was is a set of rules and restrictions established to outline the lawful use and disclosure of Protected Health Information (PHI).
*a more complex outline of HIPAA can be found here: https://www.hammett-tech.com/how-we-protect-you/hippa-compliance/
Why Being HIPAA Compliant Is Important
If you are in the healthcare business, there are numerous reason you should be HIPAA Compliant. From lawsuits to fines from the government, HIPAA Compliance is to be taken seriously and followed completely. Some of the most important reason to be HIPAA Complaint are:
- Fines for not meetings HIPAA Compliance have increased substantially. These caps on these fines have increased from $25,000 per year to $1,500,000 per year. Furthermore, if you ignore HIPAA Compliance and encounter a breach or receive a complaint, your business can be investigated for breaches, compliance failures, and other issues which can lead to further fines.
- Other organizations that work with you are most likely HIPAA Compliant themselves, especially if they are a larger corporation. Each Business Associate or Covered Entity your healthcare business works with must following HIPAA Privacy and Security Rules. This, in turn, means that if your business if not HIPAA Compliant you will lose their assistance, as well as, lose business in general.
- If a breach does occur, and the breach results in more than 500 individual’s Protected Health Information being affected, your business is required by law to report it to the Health & Human Services Department, as well as, the public and media. Other companies will not hold back comparing their HIPAA Compliant organization to yours, stealing both business in the present and future.
If you are fearful that you do not meet all the HIPAA guidelines and regulations or are having trouble understanding HIPAA Compliance and how to become compliant, call Hammett Technologies! We have a devoted, professional IT team that can help you meet all HIPAA requirements stress free! HIPAA Compliance is essential for any business that handles Protect Health Information. Hammett Technologies will ensure that your business meets every requirement.