ASC Solutions Automate, Simplify and Provide Documented Proof of HIPAA Compliance, Minimizing Your Risks
What’s Your HIPAA Compliance Risk Management Strategy?
The Health Insurance Portability and Accountability Act (HIPAA) was signed into US law in 1996. HIPAA has two primary functions: to protect health insurance coverage for workers and their families when they change or lose their jobs and to establish national standards for electronic healthcare transactions and national identifiers for healthcare providers, health insurance plans, and employers. The latter is known as the Administrative Simplification (AS) provisions which also address health data security and privacy. The HIPAA standards are meant to improve the efficiency and effectiveness of America's healthcare system by encouraging the widespread use of electronic data interchange.
The healthcare industry encompasses health maintenance organizations (HMOs), hospitals, insurance agencies, laboratory and testing facilities, drug and pharmaceutical distributors and related healthcare and wellness service companies.
HIPAA Privacy Rule
The HIPAA Privacy Rule* provided the first nationally-recognized regulations for covered entities' use and disclosure of individually-identifiable health information or personal health information (PHI). A covered entity can be any healthcare data custodian (e.g., a healthcare provider, health plan or healthcare clearinghouse). The Privacy Rule:
- Gives patients control over the use of their PHI
- Defines boundaries for the use/disclosure of personal health records
- Establishes national compliance standards
- Limits the use of PHI and minimizes the potential for inappropriate disclosure
- Investigates and moderates compliance-related issues
- Supports PHI disclosure without individual consent in special circumstances (e.g., individual healthcare needs, public benefit and national interests), balance protection and advancing healthcare
*The HIPAA Privacy Rule is also called the Standards for Privacy of Individually Identifiable Health Information.
Documented Proof of HIPAA Compliance
ASC contract management software and compliance management solutions automate and streamline workflows, terms and conditions and other business processes required for industry and standards compliance concerns like HIPAA. ASC contract management and compliance management solutions provide your Healthcare organization with assurance that contracts, legally binding agreements and other documents contain complete and correct versions of terms and conditions, that full corporate business rules and controls are adhered to and that all necessary information is captured in the correct format as required for HIPAA standards compliance. The ability to find a document and track its complete change history (previous value, current value, who changed the contract/document, the date of change, etc.) is also an invaluable asset for business insights or when compliance proof or real-time disclosure audits are required.
More than Health Insurance Portability and Accountability Act (HIPAA)
ASC contract lifecycle management (CLM) and compliance management solutions support compliance and risk management needs for a wide range of industry and regulatory standards. Those include SOX, Bill 198, NI 52-109, FCPA, HIPAA, Stark Law, Bill C-17/Vanessa's Law, SAB 101 and more.
Find out how ASC can help you address HIPAA compliance and risk management issues, request your demo today.
Automated document repository and process management tools to enhance your accountability controls and ensure documented proof of Health Insurance Portability and Accountability Act (HIPAA) compliance