Articles | March 15, 2019
The HIPAA/HITECH privacy and security rules provide a valuable framework for protecting participants’ and beneficiaries’ data.
Fulfilling your obligation to protect this information is important because of increased attacks on entities with valuable information as well as because of increased enforcement activity, through complaints, breach reports and random audits, by regulatory agencies.
The consequences of failing to comply with the rules and regulations of HIPAA/HITECH can be severe for your organization.
There is a tiered penalty structure for civil monetary penalties, based on intent behind the violation. Penalties and Resolution Agreements can result in payment of millions of dollars per year for breach of one or more standards.
This page is for informational purposes only and does not constitute legal, tax or investment advice. You are encouraged to discuss the issues raised here with your legal, tax and other advisors before determining how the issues apply to your specific situations.
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