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The Health Insurance Portability and Accountability Act (HIPAA) established the standard and requirements for the protection of Protected Health Information (PHI).
With the rise of HealthTech, any organization falling under the healthcare industry umbrella must align with the Health Insurance Portability and Accountability Act, maintaining HIPAA compliance as they grow and as regulations evolve. If your organization handles protected health information, you are vulnerable to data breaches that can cost your company and customers.
Unfortunately, PHI breaches are becoming more commonplace. From 2009 to 2021, the healthcare industry logged4,419 breachesinvolving at least 500 records each, resulting in the theft, loss or exposure of 314,063,186 PHI records in total. Breach numbers have steadily increased since 2015.
Understanding and implementing HIPAA policies and procedures can be a heavy burden for most teams. Compyl streamlines the entire HIPAA journey with workflow automation to ensure error-prone, manual, and redundant tasks no longer put an organization at risk. Our platform centralizes all controls into a single location, preventing you from losing sight of the critical functions you need to complete to remain compliant.
HIPAA applies to any individual or entity that handles or has access to PHI. The law attributes primary responsibility to “covered entities.” These entities include but are not limited to physicians, pharmacy professionals, dentists, mental health professionals and chiropractors. Health insurance providers are also covered entities.
Business associates are those providing services to a covered entity. An associate has or could have access to PHI, though may not be directly responsible for maintaining, storing or transmitting it. Attorneys, billing companies, accounting firms and tech companies are examples of business associates accountable for HIPAA compliance.
Covered entities and business associates are legally responsible for adhering to HIPAA policies and practices. In addition to reputational damage and financial losses from a breach, HIPAA violations can result in fines of $100 to more than$50,000 per record.
Compyl works with the tech your organization uses today. From AWS to Workday, and nearly every platform in between, this service seamlessly integrates from day one. Unlike cookie-cutter approaches, Compyl extracts critical data and transposes the information wherever and whenever your organization needs it.
Compyl’s unique query language cross-references data from multiple sources to uncover granular details otherwise missed. Powerful and user-friendly, these checks can be set to run as frequently as your business model requires.
As your business or organization grows, staying on top of HIPAA compliance requirements can be challenging. Compyl’s wide variety of functionality and flexibility allows our platform to be a true solution.
In the quickly evolving HealthTech world, it is a given that regulations will change, too. We have a team of experts that offer guidance along your security journey to ensure mitigation strategies are in place and best practices are consistently implemented.
Say goodbye to patchwork solutions and manage your organization’s compliance and security programs with a single platform.
Compyl assigns ownership and tracks the progress of each control. Your business gains visibility during the SOC 2 journey and accountability for every team member.
Frameworks evolve constantly. Compyl ensures your business will keep stride by mapping your proven controls with new frameworks.
Evidence is the cornerstone of a successful audit. Compyl flags redundancies, eliminates error-prone manual tasks and streamlines evidence gathering with automation.
Security gaps may cause catastrophic damage to your business. The Compyl team can build a scalable security program for businesses in any growth stage.
Compyl's timely alerts will keep your enterprise in step with industry regulations.
While there is no official HIPAA certification, third-party entities conduct independent audits certifying compliance. Certification can help ensure you are ready for an official U.S. Department of Health and Human Services audit.
Having the certification does not absolve you of responsibility if a breach occurs. It does demonstrate to HHS that you took a reasonable amount of care to protect patient records, which may make a difference in HIPAA compliance violation fines.
An external auditor evaluates your PHI privacy and security practices to determine if you meet the legal standards. To obtain a HIPPA certification, you will want to take the following steps:
HIPPA requirements are complex, but if you handle PHI, you can’t afford non-compliance. Certification doesn’t ensure ongoing compliance, but it can provide a snapshot of where you stand and engender trust with your patients that you are serious about protecting their information.
Keeping up with HIPAA compliance is a labor-intensive process. Let Compyl minimize your burden with our automated all-in-one information security and compliance platform.
As your business or organization grows, staying on top of HIPAA compliance requirements can be challenging. Compyl’s wide variety of functionality and flexibility allows our platform to be a true solution.
In the quickly evolving HealthTech world, it is a given that regulations will change, too. We have a team of experts that offer guidance along your security journey to ensure mitigation strategies are in place and best practices are consistently implemented.
An all-in-one streamlined solution created by information security experts.
