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November, 2012
What’s The Rush?Learn Why Now is the Time to Become HIPAA Compliant
Major TrendsYOU NEED TO BE AWARE OF
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Increased data breaches in healthcare organizations.
Increased crackdown on compliance.
A rush to make the switch from paper to digital records since incentives are now being significantly reduced.
2012
This past year brought major changes to the healthcare regulations industry.
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Civil penalties levied by HHS are only a fraction of the total costSource: http://www.hhs.gov/ocr/privacy/hipaa/enforcement/examples/index.html
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$1.5 MIL
LIO
N
What is at Stake2012 PENALTIES
$1.7 MIL
LIO
NAlaska DHSS settles caseCause: USB drive stolen from an employee’s car
Massachusetts provider settles caseCause: stolen laptop with unencrypted data
BCBS Tennessee settles caseCause: 57 unencrypted hard drives stolen from a leased facility
Data breaches in healthcare organizations up 32% over previous year
96% of all healthcare providers had at least one data breach in last 2 years
Average economic impact of breach was $2.2 million
Data breach lead to:
– Loss of time and productivity (81%)
– Loss of reputation (78%)
– Loss of patient goodwill (75%)
Average lifetime value of one lost patient = $113,400
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Data Breaches2011 PONEMON STUDY
Key Research Findings
Source: Second Annual Benchmark Study on Patient Privacy & Data Security
32%
96%
81%
75%
78%
$2.2 million
$113,400
AGENCY RECORDS LOST
Utah Department of Health * 780,000
Emory Healthcare - Atlanta 315,000
South Carolina Department of Health 228,000
Howard University Hospital – D.C. 34,503
St. Joseph Health System – Ca. * 31,800
Indiana Internal Medicine Consultants 20,000
Our Lady of the Lake Regional Medical Center – La. 17,000
Memorial Healthcare System – South Fl. 9,497
Kansas Department of Aging 100
University of Arkansas for Medical Sciences 7,000
Total records lost for just the top 10 medical breaches - 1,442,900
* Denotes loss due to hacker
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Top 10 Medial BreachesQ1 & Q2 2012
There is an urgency to digitize health information coupled with increased concern that protected health information (PHI) meets industry standards of security.
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Compliance CrackdownAUDITS & FINES
Compliance Audits • Initiated in November 2011
• Random selection
• Hospitals, physician practices, and other healthcare entities
Fines & Reputation• Increase in # of settlements
• Negative publicity
It pays to get started early! To get the maximum incentive payment,
Medicare eligible professionals must have
begun participation by 2012.
Important! For 2015 and later, Medicare
eligible professionals, eligible hospitals, and
CAHs that do not successfully demonstrate
meaningful use will have a payment
adjustment in their Medicare reimbursement
.
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The StimulusTO PROMOTE THE USE OF EHR
EHR Incentives Program• Initiated in 2009; participation began in 2011
• Incentives paid to eligible professionals,
hospitals and CAHs
• Up to $44,000 in incentives
• Over a 5 year period
• If adopt a certified Electronic Medial Record
(EMR) approach
• All EHR by 2015
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EHR Incentives
MoneyHow much would it cost to do this myself?
TimeCan I rapidly respond to security events?
TalentWhat else could my staff be doing?
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How We Can HelpHOSTWAY + STILLSECURE
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HIPAA EssentialFROM HOSTWAY
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www.hostway.com/managed-security/compliance/hipaa-compliance.php
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