The Challenge
The Health Insurance Portability and Accountability Act of 1996 (HIPAA) sets a series of national standards for health care information usage. Meeting HIPAA compliance can be challenging due to its strict requirements, and non-compliance can result in heavy penalties such as fees of up to $1.5 million and potential criminal charges. Keeping a record of compliance can become a hassle as well.
The Solution
ComplianceWatch, our HIPAA compliance solution, takes the complicated regulations of HIPAA and reformats them into an easy-to-answer survey that covers all necessary areas such as the use and disclosure of PHI. Your staff will be walked through the process of completing assessments and reports are automatically generated, showing your areas of non-compliance.
You can tell RiskWatch has experience and expertise in risk management by looking at how ComplianceWatch is put together. The system combines ERM and compliance in a way both can be performed at the most efficient way possible. Its automation combines well with the maturity of data available in most of our assessment programs.
American Express
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Key Benefits
Identify gaps in compliance, see recommendations and assign action plans to avoid penalties.
Turn key solution for HIPAA compliance. Comes complete with HIPAA content library to identify areas of non-compliance in systems holding PHI.
Assessment workflows and reports make it easy to collect, track, and provide proof of compliance.
Provides a centralized storage of documents that can be used as evidence of HIPAA compliance.
Guaranteed encryption and protection for your data through AES 256bit encryption.
Additional Benefits
ComplianceWatch is designed to work with all regulations and standards in all industries, allowing you to combine assessments.
Comprehensive high-level audit criteria ensures regulations are being met and you will pass any company audits.
Compliance analysis that determines risk score and identifies areas of high risk for further investigation.
Recommendations are automatically offered to mitigate non-compliance and vulnerabilities identified.
Real-time risk profiles and scores that update as changes occur.
Reduce exposure to liability. Manage risk. Monitor and maintain security.
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