ANNUAL HIPAA/SECURITY ASSESSMENTS
Failure to Conduct Regular Checkups Can be Costly
A breach usually has multiple issues and penalties add up. Organizations that handle sensitive health data can lose millions. The average global cost of a healthcare data breach is $6.45 million.*
The cost of a HIPAA breach not only includes the fine, but also the cost of hiring IT specialists to investigate the breach, the cost of repairing public confidence in the medical practice, and the cost of providing credit monitoring services for patients.
*2019 Cost of a Data Breach Report, Ponemon Institute
RISK MONITORING AND MANAGEMENT
Avoiding Compliance Won’t Avoid Fines
The most common HIPAA violations are the failure to perform a full risk analysis, the failure to enter into a HIPAA-compliant business associate agreement, and the failure to safeguard Protected Health Information (PHI).
Ignorance is not an accepted excuse. Organizations can also be fined for “willful neglect” – where they knew they had an obligation to comply but failed to take proactive measures.
Lionsoft Media Group makes it easy to provide the necessary documentation and audit trail to show that you are covered, should an audit occur.
Immunizing Our Clients Against Risk
Our HIPAA compliance solution enables you to diminish your exposure and provide the proper documentation to alleviate your HIPAA headaches, and inoculate them against hefty fines.
HIPAA standards require organizations to have physical, network and process security measures in place to protect health information, and provide evidence that these are standards are followed.