What You Need to Know About HIPAA Compliance
The Health Insurance Portability and Accountability Act is a law that features a broad scope and robust enforcement appliance. The information in this article will help you understand HIPAA compliance and its benefits.
What is HIPAA?
You already know the meaning of the acronyms from the information above. HIPAA is a law that became active in 1996 and continues to grow in range and implementation over time. However, it’s ironic that very few people are aware of the importance of HIPAA compliance and its gains with a long presence in the healthcare industry.
At its focus, the Health Insurance Portability and Accountability Act is designed to build a regulatory structure that protects the management, storage, and transmission of patient health details. Currently, requirements in HIPAA expand to include tech, which puts it at risk. Luckily, there are security measures in place, such as the Breach Notification Rule, which helps identify data breaches.
How is HIPAA Beneficial?
For one to benefit from HIPAA compliance, they need the right compliant agency. Here are two benefits to expect for adhering to the requirements of the Health Insurance Portability and Accountability Act:
i.) Proper Patient Data Handling
Observing HIPAA compliance ensures that there is appropriate handling of sensitive patient data. Additionally, how your PHI (Protected Health Information) and ePHI (electronic Protected Health Information) are accessed, kept, and shared features significant risks for noncompliance incidents.
According to HIPAA rules, assessing how protected health information moves through a system is essential and helps with data protection and security.
ii.) Patient Trust
Broad-scale data violations continue to occur over the years at an increasing rate. The results of such practices can cause lasting damage and reputational harm. It is essential to keep patients’ trust, and marinating HIPAA compliance makes it easy since it helps minimize such risks.
Conclusion
HIPAA compliance involves various elements. It is not voluntary for covered bodies and enterprise associates that manage sensitive health details about patients. Keeping compliance helps healthcare agencies avoid hefty penalties and offers peace of mind. For more information on HIPAA compliance, reach out to a cybersecurity specialist. Regulation compliance is crucial in any sector, and the healthcare industry is one of the many that need compliance programs.
