Probability of HIPAA audits is increasing as the Office for Civil Rights (OCR) continues to police HIPAA violations aggressively. Data breach has become a rampant problem in the healthcare industry and in order to prevent an audit, practices must address their potential issues under HIPAA.
In case a lot of time is being spent on handling billing challenges, your staff will have less time to prepare and adapt to new changes in medical insurance billing.
Industry Facts :
|According to the OCR, a new and permanent HIPAA security audit program is slated to begin from October 2014|
|As per the analysis by HIP / SA of OCR data, health data breaches involving more than 500 patients have increased from 931 to 992 in April 18 to May 17, 2014|
|According to the survey by HP / Ponemon Institute, healthcare organizations spend $5.44 million annually on an average to deal with cyber attacks|
|Heightened OCR enforcement will be seen in 2014|
Common HIPAA violations:
To avoid hefty fines and a bad name in the healthcare industry, medical practices must watch out for these frequently seen HIPAA violations:
Measures for avoiding HIPAA audits:
If your practice fails to comply with HIPAA requirements it can lead to criminal and civil penalties. These penalties are applicable for individuals as well as covered entities. Practices require sufficient time and money to ensure that minor mistakes do not lead to HIPAA audits. They must do a lot more than just a simple risk assessment. Due to lack of time, money and skilled resources, many providers prefer outsourcing these requirements to a third party.
Handling HIPAA requirements with MBC:
MedicalBillersandCoders.com offers a web-based, proven framework to help providers manage their HIPAA / HITECH Act compliance initiatives with a single, integrated solution. They can perform clinical as well as operational functions in sync with HIPAA norms with this system. MBC ensures confidentiality of patient and practice information according to the norms laid down by the HIPAA Act.
MBC is the largest consortium of coders and billers that offer effective billing solutions to practices across the 50 states. It is a trusted name in HIPAA-compliant billing and RCM services, helping providers maximize revenue and minimize HIPAA violations risks.
|MBC||=||Effective Billing Solutions||+||Reduced HIPAA violation risks|