Today’s healthcare industry has to constantly adapt and change to meet the stringent guidelines of HIPAA
regulations. Refusing to comply – or trying to comply and failing – triggers an investigation, fines, and further vague costs, but the number have never been entirely clear.
Beyond the lowballed estimates, the potential consequences of a data breach, and other considerations, the actual price for HIPAA compliance for a small covered entity is as follows:
Grand total: $4,000 – $12,000
For a medium – large covered entity, the costs are:
Total: $50,000+, depending on the entity’s
As important as it is to invest in confident HIPAA compliance, there’s still the matter of making sure it’s done right. That’s where a trusted partner in IT support can be so helpful. By having an expert team of healthcare IT professionals manage your compliance, you can ensure that your PHI is secure, without having to see to it yourself. The VITECH team understands that many organizations like yours are often unknowingly operating without total HIPAA compliance. Our team will assess your entire environment to identify anyopportunities for improvement so that you can enjoy a genuine peace of mind when it comes to protecting your patients’ sensitive information.
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