Sustain compliance with systematic and repeatable processes
In 1996, the US Congress passed the Health Insurance Portability and Accountability Act (HIPAA). It brought into existence for the first time, a set of generally accepted security standards and requirements for protecting health information. In 2009, the scope and depth of HIPAA was extended with the enactment of the Health Information Technology for Economic and Clinical Health (HITECH) Act. HIPAA and HITECH lay out strict standards governing information security and privacy.
While HIPAA/HITECH may be a boon for healthcare information security, they also throw up a number of challenges for covered entities in the form of costs, tracking of regulatory changes, extensive documentation, and the need for an enterprise-wide approach towards compliance management. To implement HIPAA requirements, a clear understanding of organizational risks and vulnerabilities is required. A siloed, ad hoc approach is not only inefficient but ineffective.
HIPAA - Title II sets national standards for electronic health care transactions. The regulation requires the security and privacy of health data during electronic data interchange in healthcare systems.
Companies providing healthcare plans, acting as clearing house for health plans, or delivering healthcare services are identified as "Covered Entities" under the HIPAA regulation. Covered entities have to follow 45 CFR §160, §162, and §164 rules to be HIPAA complaint. Their IT systems also have to ensure the privacy and security of protected health information (PHI) during the transmission and maintenance of this information in electronic media.
With HHS announcing "The Final Omnibus Rule", there have been changes to HIPAA, which extends direct liability for complying with certain HIPAA security, privacy, and breach notification rules, to Business Associates (BAs) of covered entities. BAs include Health Information Exchange Organizations and similar organizations, as well as personal health record vendors that provide services to covered entities. The amended HIPAA rule formalizes many of the statutory changes already made in 2009, defines procedures to notify any breach, and increases penalties for non-compliance from $25,000 to $1.5 million per violation.
MetricStream provides a comprehensive framework to help organizations efficiently manage and automate HIPAA/HITECH compliance. It helps streamline all compliance aspects such as preparing policies and procedures, assessing and analyzing risks, managing audits, identifying gaps, and remedying issues. In accordance with the new HIPAA rule, the solution also aids visibility into BAs' work procedures and manage contracts and documents with respect to BAs. The solution also enables covered entities to integrate all compliance regulations on a single platform instead of managing them in separate initiatives. A centralized structure of the overall compliance hierarchy can be maintained, including processes and assets in scope, risks, controls, policies and procedures, and reporting requirements.
Benefits of the MetricStream Solution