Top 3 Reasons to Invest in Compliance Risk Assessments

compliance risk assessmentWe get it – you’re a healthcare organization, and you’re tired of hearing about HIPAA, the Health Insurance Portability and Accountability Act of 1996, and you’re definitely sick of hearing about HIPAA compliance. But all joking aside, securing your electronic protected health information (ePHI) is critically important to your business – we get that, too.

When HIPAA is on your radar, your first step to ensuring regulatory conformance is a comprehensive compliance risk assessment. Why, you ask? Here are three compelling reasons:

You’re not a cloud expert. While it might hurt to hear it said so plainly, we both know it’s true. You have a business to run; diving into the ins and outs of HIPAA Security Rule 45 CFR 164.308(a)(1) and 45 CFR 164.308(a)(8) and how it pertains to your compliant cloud environment isn’t your top priority, nor should it be. A risk assessment by a reliable third party will cover the nitty gritty details for you, enabling you to focus on what really matters to your business.

You don’t have time to wait. HIPAA audits can happen any time; your organization needs to be prepared. The most expensive HIPAA settlement to date was paid out scant months ago, to the tune of $4 million plus. You don’t need to be in the hot seat because you didn’t quite have the time to complete a compliance risk assessment. You have a lot of tasks on your plate – a risk assessment doesn’t need to be one of them.

You can’t afford not to. Really; I’m not just saying that. When a top HIPAA assessment consulting firm completes a risk assessment and delivers the results, that entity is methodically removing any compliance risk associated with managing PHI. And this removal of risk just isn’t quite as airtight – or speedy – when in-house administrative, technical and security resources are tasked with the job. With outsourced compliance experts, you will receive an assessment of your entire organization, gaps and all.

Ready for more information about risk assessments? Join me and Daniel Berger, President and CEO of Redspin – the leader in penetration testing and IT security audits, for a can’t-miss webinar, Can Your Healthcare Organization Get Hacked? on Thursday, June 19 at 3 p.m. EDT. We’ll explore common risk factors and outline the best approach to conducting a comprehensive risk assessment and meeting HIPAA compliance.


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