As a small business, it is easy to fall into the mindset that you don’t need to worry about HIPAA compliance. However, this is not the reality. The Department of Health and Human Services (HHS) mandates that all organizations working in healthcare, or with healthcare clients, have an obligation to be HIPAA compliant. The size of an organization has no bearing on HIPAA compliance, all healthcare organizations are held to the same compliance standards. Small business HIPAA compliance should be a top priority as HIPAA fines can easily put a small company out of business.
Actuarial expert Elliot Dinkin states, “Given the recent tendency on the part of HHS toward active enforcement, we strongly urge business associates and covered entities to review their current agreements with an expert in the field to make certain they are in compliance with HIPAA.”
Not only should small business be concerned about their HIPAA compliance, they must also be aware of ransomware attacks. A small business is more susceptible to ransomware attacks since hackers know that small businesses are easier to access. Many small businesses see cybersecurity as a luxury that they can’t afford, however they should be thinking of the costs associated with a data breach. A recent study determined that the average cost for a healthcare data breach is $6.45 million, and that doesn’t include the cost of a HIPAA fine.
How Small Businesses Can Achieve HIPAA Compliance
Small business HIPAA compliance can be difficult to navigate. Since HIPAA law was meant to apply to organizations of all sizes, the HHS states that organizations must take reasonably appropriate steps to safeguard protected health information (PHI). However, they don’t explicitly state what is reasonable for organizations of different sizes. Determining what is right for your organization, ensuring that PHI is adequately safeguarded, is a difficult undertaking for an organization unfamiliar with the nuances of the law.
Compliancy Group was founded with small businesses in mind. The founders saw that there were no tools in the market to help small businesses achieve HIPAA compliance. This led to the creation of the Guard. The Guard is a total compliance solution that addresses the full extent of HIPAA regulatory requirements. The Guard was built with small business HIPAA compliance in mind. The cloud-based platform has everything needed built into the platform, available from any device connected to the internet.
Understanding that HIPAA compliance is complicated, Compliancy Group took their solution one step further with their dedicated staff of Compliance Coaches who guide clients through the entire HIPAA compliance implementation process. But the support doesn’t end there, Compliance Coaches are available in between meetings to answer any questions that may come up.
Once clients complete the implementation process, they are eligible to receive the Seal of Compliance. The Seal of Compliance is available in three forms, a sticker for your office, for display on your website, and as an add-on to your email signature. When displayed on your website, the clickable seal redirects users to the Compliancy Group’s website, where an organization’s “good faith effort” towards HIPAA compliance is verified and validated. The Seal of Compliance is a great differentiator as it demonstrates that you take the privacy of your patient’s information seriously.
Compliancy Group also supports clients in the event of a HIPAA audit. Built into the Guard are all of the documents needed to prove an organization’s “good faith effort” in safeguarding patient’s sensitive information.
Do You Need Help with Your Small Business HIPAA Compliance?
Compliancy Group can help! Our cloud-based compliance software, the Guard™, gives you the flexibility to work on your HIPAA compliance from anywhere that has an internet connection. Our Compliance Coaches™ will guide you through our implementation process enabling you to Achieve, Illustrate, and Maintain™ HIPAA compliance.