HIPAA Compliance Offers New Incentives

New Incentives for Compliance

On January 5th, 2021, the new HIPAA Safe Harbor
Bill (HR 7898) was passed by the Department of Health and Human Services (HHS). This bill offers new incentives for HIPAA-covered businesses that meet standard cybersecurity practices, such as reduced penalties and faster audits.

However, in the event of a security breach (such as compromised patient data), entities that fail to meet those standards will be hit with hefty fines and costly audits. In 2020 alone, more than 29 million healthcare records were breached and leaked according to the HIPAA Journal.

(source: hipaajournal.com/2020-healthcare-data-breach-report-us)
Accent Consulting is experienced in data security, including HIPAA’s electronic data security requirements and implementation, and is ready to help your organization dig through the information and understand the steps to reach HIPAA compliance.

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