HIPAA Fines on the Rise for Small to Mid-Size Health Providers
Federal fines for HIPAA compliance are on the rise and this trend will likely continue while the Healthcare industry remains an active target for cyber threat.
On March 28 alone, 2022, there were 4 actions against physician and dental offices. The fines vary from $20-$60K. Since 2021, HIPAA Compliance fines issued amount to over $30 Billion. These fines are of course also made public by HHS, something all business wants to avoid.
“Between 2009 and 2021, 4,419 healthcare data breaches of 500 or more records have been reported to the HHS' Office for Civil Rights. Those breaches have resulted in the loss, theft, exposure, or impermissible disclosure of 314,063,186 healthcare records.”
HIPAA compliance is about protecting Personal Health Information, electronic or on paper. The HIPAA regulation was established to protect the privacy of individual health records. Since our healthcare records now are widely digital, HIPAA Compliance is increasingly driven by your technology and the cybersecurity safeguards your business implements to protect both its logical and physical assets.
This is often a challenge for doctors, dentists, and healthcare administrators to implement since they don’t typically work with cybersecurity experts.
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To achieve HIPAA compliance, we recommend building a cybersecurity strategy into your business model:
The first takeaway is to work with cybersecurity resources that can guide you through the HIPAA requirements.
Take an approach that accounts for continuous security. The cybersecurity function is continuous and you’re accountable for every patient record for as long as you retain the record, digitally or physically.
The right Cybersecurity resources and a continuous security approach has traditionally been too costly for Healthcare orgs outside of the larger hospital systems that are spending millions on cybersecurity staff and technologies annually.
Now, C1Risk offers a subscription-based service that combines Software and Support Services that are specifically designed for small to mid-size organizations
Any size business can now take advantage of our subscription service to provide affordable access to cybersecurity management. When you subscribe to the C1Risk platform, you will get your HIPAA compliance checklist in a single place and the latest guidance to help you implement HIPAA across your organization.
Companies can also choose premium support and upgrade a subscription to include a live agent to guide you through every step of the HIPAA Compliance journey, including control creation and implementation and automating your evidence collection to capture all your cybersecurity evidence in a single platform, continuously, so you can quickly validate your compliance, or manage any gaps or issues that arise.
C1Risk is your QuickBooks or TurboTax for Compliance. Avoid expensive fines and never wonder if you’re HIPAA compliant.