The Health Insurance Portability and Accountability Act (HIPAA) of 1996 is a federal law that authorizes the formation of national standards to protect sensitive patient health information from disclosure without the patient's permission or consent. The core objectives of HIPAA include-

• It will improve the efficiency of the healthcare industry.
• Enhancing the portability of health insurance          
• Protecting the privacy of patients health plan members
• Ensuring the security of health information and should be notified in case of breaches of health data

HIPAA Risk Analysis

The Best HIPAA risk analysis helps in ensuring that an organization meets HIPAA administrative, physical, and technical safeguards. The risk assessment also helps in uncovering areas where an organization's protected health information (PHI) may be at risk. Risk Analysis is considered the first step toward HIPAA compliance.

Main Objective of HIPAA Security Risk Analysis/Assessment

The primary purpose of a HIPAA risk assessment is to assess and document specific vulnerabilities or risks associated with the integrity, availability, and confidentiality of electronic patient health information. 

The HIPAA risk assessment helps in ensuring that the controls and spending are proportional to the risks an organization faces. The key to an effective security program is to understand the level of risk within your organization and determine how to effectively mitigate that risk. It also determines appropriate safeguards to be implemented so that it will reduce the level of risk to acceptable and manageable levels.

The key to an effective security program is to understand the level of risk within your organization and determine how to effectively mitigate that risk. To do this, you must decide what data your organization wants to protect. Then you have to decide what data to store and what to pass. It forms the basis of your security policies, practices, and technologies to protect all of this electronically protected health information. Risk analysis involves understanding the core business functions of an enterprise and analysis of potential threats and vulnerabilities to assets and information.

Key Aspects HIPAA security rules HIPAA risk analysis

• Administrative safeguards
• Physical safeguards
• Technical safeguards
• A flexible approach
• Risk analysis or assessment
• Needed documentation

HIPAA Risk Assessment Scope and Deliverables

The HIPAA risk assessment outlines the level of compliance of a covered entity's policies and systems with the HIPAA Security Rule and the HIPAA Privacy Rule. It also identifies potential risks and vulnerabilities to the confidentiality, availability, and integrity of personal health information (PHI) that your organization creates, receives, maintains, or transmits. HIPAA risk assessments should be reviewed periodically and may be performed annually in some circumstances. Customers receive a comprehensive overview of their current security gaps. A comprehensive and fully documented solution is provided to help customers make informed decisions about the appropriate actions required to protect EPHI.

HIPAA Certification Company has a security team involved in providing independent verification and/or periodic review of ongoing compliance progress. Additional targeted technical risk assessment and mitigation services and specific remediation actions are available as needed. Please get in touch with us now or visit our website now!