If you are involved with the healthcare industry, then you’re probably familiar with HIPAA (Health Insurance Portability and Accountability Act) and its various policies. Each rule and regulation that come under HIPAA is vital to anyone in the healthcare industry and they must understand at least the basics of it. First and foremost one should know what HIPAA compliance is. In this blog we are going to discuss what HIPAA compliance mean and if it is really necessary for organizations to comply with its regulations.
What is HIPAA compliance?
Introduced in 1996, HIPAA guidelines are set to protect the health information of patients. Every physician must comply with these guidelines, adhere to HIPAA rules and maintain confidentiality of all patient data. Robust, yet simple policy and procedure management solutions must be put into place so that there is no risk of breaking any HIPAA regulations.
Why is it necessary to comply with HIPAA?
When it comes to why one must comply with HIPAA, there are a number of reasons that can be listed. Here are a few important reasons why complying with HIPAA is absolutely necessary for all physicians.
The most important reason why one must comply with HIPAA is that if there are any breaches, the reputation of the practice will immediately have a disastrous impact and can also lead to disciplinary actions with strict fines by the CMS/OCR.
All staff at the practice must be given basic HIPAA compliance training to prevent any heavy fines and data loss. A designated HIPAA compliance officer must be appointed to overlook any process at the practice.
In case of any breach when there is an inadequate number of systems available, a number of disclosure documents must be submitted by the practice which will be lots of hassle to deal with. The right technologies and an active process must be implemented to prevent any HIPAA breach or even accidental disclosures.
HIPAA provides a framework that protects every patient’s sensitive information and who has access to view specific health data in an organization.
Simply complying with HIPAA is not enough as there are other state laws which are extremely protective of patient data. Whether a large company or small one, the government is not biased in enforcing the rules to anyone.
As a healthcare RCM firm, we at Rannsolve make sure to comply with all HIPAA regulations when it comes to any of our services. Our robust policy management system may be the best solution for your organization!
For more information on our Healthcare RCM services, get in touch with our specialists or visit our website: Healthcare RCM Services | Medical Billing Services | Medical Coding Services