BC Advantage - 2013 Issue 8
Better to Be Safe than Sorry with ePHI Compromise
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Article Overview
This article explains why healthcare organizations should review their insurance and security preparations in light of HIPAA privacy and security exposure involving electronic protected health information (ePHI). It focuses on the kinds of breach-related costs and coverage concerns that can affect practices, offices, and other covered entities, and it highlights general areas of protection and risk-mitigation support that may be included in breach coverage offerings. The piece is relevant to administrators, office managers, and compliance-minded healthcare leaders evaluating whether their current protections are adequate.
Why This Topic Matters
Breach events can create significant financial and operational burdens for healthcare organizations, and the article helps readers understand why insurance and preparedness matter before an incident occurs. It is useful for teams assessing risk management, compliance readiness, and whether existing coverage aligns with HIPAA-related exposure.
Article Sections
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You may not be covered
Introduces the concern that standard insurance arrangements may not address certain electronic patient information risks. It frames the need to review coverage in light of HIPAA-related exposure.
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The real cost of compromise
Reviews broad categories of expenses that can follow a data compromise and discusses the impact of enforcement actions on healthcare organizations of different sizes.
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Breach coverage - the failsafe
Describes the growth of electronic health data and the increasing importance of financial protection strategies for breach-related events.
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Financial assistance
Explains the general purpose of breach coverage programs and the types of financial burdens they are intended to help offset.
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Security policies
Addresses the relationship between organizational security practices, policy development, and broader preparedness efforts tied to electronic patient data protection.
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Is it worth it?
Summarizes factors organizations may consider when comparing coverage options, costs, and added risk-reduction features.
What You Will Learn
- Why healthcare organizations should review their insurance exposure for electronic patient information incidents
- What kinds of broad costs may follow a HIPAA-related breach
- How breach coverage fits into general risk management and preparedness
- Why security policies and procedures matter in the context of data protection
- What factors to compare when evaluating breach coverage options
Who Should Read This
- Healthcare administrators
- Office managers
- Compliance professionals
- Practice owners
- Covered entities
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