Law firms interested in working with PHI data need to first ensure that their entire organization, as well as any associates or vendors, will meet all HIPAA requirements.
The importance of adhering to HIPAA regulations is nothing new to lawyers and law firms that work with medical providers and insurance companies. However, HIPAA, in its restrictions, is causing new challenges to law firms. One of the largest challenges faced by small firms that are growing into large organizations is establishing firm-wide HIPAA compliance that extends to the firm’s chosen technological solutions and third party vendors. This challenge will be further enhanced as HIPAA restrictions and regulations become even more stringent.
The HIPAA privacy rule applies to a multitude of covered entities including, medical providers and insurance companies. These entities often work with third parties, such as lawyers or law firms. In the latter instances, the privacy rule will allow the covered entities to share Personal Health Information (PHI) with the third parties. When the law firms receive the PHI data they must ensure that they remain compliant with all HIPAA regulations. The compliance of law firms also extends to any third party that is associated with the specific firm; for example, IT providers, third-party backup vendors, or cloud providers.
To ensure that the firm, and each of its employees, remains HIPAA compliant the following safeguards should be implemented:
The Bottom Line: Law Firms Need To Remain HIPAA Compliant At All Times When Handling PHI
It is no secret that the federal government has become increasingly stringent regarding HIPAA compliance. With the potential of a $1.5 Million fine, law firms need to ensure that they remain compliant at all times by working with a trusted technology provider who can ensure that physical, technical, and administrative safeguards are met. To protect your law firm and its associates from violating HIPAA regulations, contact the technology experts at Dynamic Quest!
40% of businesses will incorporate the anywhere operations model to accommodate the physical and digital experiences of both customers and employees (Techvera).
The three sectors with the biggest spending on cybersecurity are banking, manufacturing, and the central/federal government, accounting for 30% of overall spending (IDC).
The average cost of a data breach in the United States is $8.64 million, which is the highest in the world, while the most expensive sector for data breach costs is the healthcare industry, with an average of $7.13 million (IBM).
The internal team was energized. With the Level 1 work off its plate, the team turned its attention to the work that fueled company growth and gave them job satisfaction.
More than 33 billion records will be stolen by cybercriminals by 2023, an increase of 175% from 2018.
The cost of cybercrime is predicted to hit $10.5 trillion by 2025, according to the latest version of the Cisco/Cybersecurity Ventures “2022 Cybersecurity Almanac.”.
Forty-three percent of attacks are aimed at SMBs, but only 14% are prepared to defend themselves (Accenture).
It takes an average of 287 days for security teams to identify and contain a data breach, according to the “Cost of a Data Breach 2021” report released by IBM and Ponemon Institute.
We did a proof of concept that met every requirement that our customer might have. In fact, we saw a substantial improvement.
We did everything that we needed to do, financially speaking. We got our invoices out to customers, we deposited checks, all the things we needed to do to keep our business running, and our customers had no idea about the tragedy. It didn’t impact them at all.
“We believe our success is due to the strength of our team, the breadth of our services, our flexibility in responding to clients, and our focus on strategic support.”