BC Advantage - 2016 Issue 9

HIPAA Settlements Cost Hospitals Big Time

HIPAA SettlementsCybersecurity has become a major topic of discussion in healthcare over the last few years, particularly regarding the costs hospitals and practices will face if they're found in violation of the Health Insurance Portability and Accountability Act (HIPAA) Privacy Laws.In 2013, Advocate Health Care, a health system made up of multiple Illinois-based hospitals, found out just how severe the penalties could be for failing to secure protected health information (PHI)-about $5.5 million severe. In 2014, another two hospitals were found in violation of HIPAA laws, resulting in roughly $4.8 million in monetary payments, for leaving...

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