Health Management Technology E-Newsletter

Jan 26, 2010

If your estimated cost to establish compliance with the Health Insurance Portability and Accountability Act (HIPAA) across a company were $1 million but the penalties for a breach were capped at $50,000, what risk decision would you make? It’s a no-brainer. You could suffer 20 breaches before the cost of compliance would equal the penalties for non-compliance, so from a risk management perspective the risk of non-compliance is minimal. Continue Reading…