What is HIPAA Risk Analysis?
One of the first few steps to being HIPAA compliant is by making sure your organization can carry out a risk analysis. This is one of the critical requirements of the Security Management Process standard within Administrative Safeguards under the HIPAA Security Rule, Section 164.308 (a)(1). It is noted that covered entities reap the most benefits since they will not only be HIPAA compliant but will be efficient in Risk Analysis and Management. However, it is essential to note that being HIPAA compliant is not an option but a MUST to avoid being penalized.
The HIPAA Security Risk Analysis/Assessment Objective
The core objective of the HIPAA risk analysis is to assess and document any particular weaknesses or risks in regards to the integrity, availability, and confidentiality of a patient’s electronic health information. Furthermore, it is also to establish parameters on the ideal security measures to ensure risks are at an appropriate and manageable level. The risk assessments are crucial to an organization since they assist in placing relevant standards and controls to ensure that the organization’s expenditure is commensurate to risks related to costs or risks the entity is exposed to.
Therefore, as long as an organization’s security can identify the risk levels facing its organization, then it may not be effective in addressing them. This means that the security program should not only be able to identify data that needs protection and transmission security measures but should also have policies, technologies, and practices that can ensure that. Risk analysis of an organization is also assessing potential risks, threats, and weaknesses related to its assets and information.
Use our free high-level self-assessment HIPAA risk analysis tool to see where you are with your compliance efforts.
Already cleared the HIPAA security Assessment?
Our HIPAA security team will generally issue you with an independent and/or periodic review of your progress to being HIPAA compliant. If required, there will be additional technical risk testing, improvement services, and remediation efforts where applicable.
Have you already cleared the HIPAA security Assessment?
Our HIPAA security team will normally issue you with an independent and/or periodic review of your progress to being HIPAA compliant. If required, there will be additional technical risk testing, improvement services, and remediation efforts where applicable.
Let us help you with your compliance first, step.
Please contact us for more information at Bob@hipaatraining.net or call (515) 865-4591.
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