Thanks to the latest technological advancements, companies of all sizes and industries can now run their daily operations online. As the world continuously relies on the internet, communication platforms, cloud-based apps, and other digital channels, modern technologies have become vital players in the quick exchange of information.
While these innovations are without a doubt a blessing, these tools come with a few drawbacks as well. Setting their benefits aside, the shift to digital also means that cybercriminals now have more opportunities to steal your company’s resources.
If you manage sensitive information online, failure to adopt the necessary cybersecurity protocols will include you in the millions of cybercrime cases that occur annually. To mitigate the risk of a cyberattack, partnering with a Health Insurance Portability and Accountability Act (HIPAA) Compliant Outsourcing Partner is an absolute must.
Thanks to the standards set by HIPAA, this policy ensures that your company and client’s information are safe from falling into the wrong hands, helping you implement better security practices to keep your business and your patients’ data safe. Read on to understand the importance of this act.
HIPAA and Its Importance
Outsourcing can be beneficial for your business, especially if you are looking to cut down on costs and switch up your operations. However, partnering with an outsourced team may come with a few risks that might compromise your company’s security. Since information is being exchanged through multiple platforms and parties, hackers may find vulnerabilities in your system and eventually steal your data.
Without observing proper security measures, cybercriminals may attack your infrastructure, leading to serious consequences. Other than the monetary losses you’ll be incurring, a cyberattack will ultimately damage the reputation of your company. Fortunately, this is where HIPAA comes in.
HIPAA is known as a federal law that sets a standard for protecting sensitive patient health data. Without the consent of the direct party, this act mandates that personal health information cannot be disclosed to any unauthorised person or company.
As you look at different outsourcing providers, choosing a HIPAA-compliant partner should be in your company’s best interest. Since multiple safeguards will be placed, this will ensure that your company’s sensitive data is out of danger from unwanted audiences. As a result, your company and your clients can have peace of mind and focus on more demanding matters at hand.
How HIPAA Compliance Benefits your Business
- Become a trusted brand in the industry
By partnering with a HIPAA-certified outsourcing provider, you can assure all stakeholders that your system is safe and trustworthy. To comply with the accountability act, HIPAA-certified organisations need to provide multiple layers of protection as they manage the database of their business associates.
As you go through your daily operations, the bolstered security that you provide to your clients will naturally turn you into a trustworthy figure in your industry.
- Significantly increase your security measures
Switching to digital programs can be a bit concerning with the ever-increasing cases of cybercrime. Luckily, with a HIPAA-certified outsourcing partner by your side, you can expect a significant improvement in your security system.
By implementing HIPAA’s security rule, you can rest assured that this policy guarantees the safety and confidentiality of your data. In the event of a breach, you can have confidence that the necessary entities will be held responsible.
- Gain more profitability
In the long run, working with a HIPAA-compliant agency will improve the profitability of your business. Thanks to the cost-saving benefits of outsourcing, the extra money saved can be allocated to other projects that can contribute to the growth of your business.
Moreover, you can spend less time trying to develop new business strategies to attract new customers. This lets you free up valuable time and resources to focus on other developments and core tasks.
- Get ahead of major competitors
Working with a HIPAA-certified outsourcing provider can give you significant leverage over your major competitors. Through this partnership, your business can be granted a seal of compliance, and this will be useful whenever you’re pitching your services to prospects.
This can be placed onto several different platforms such as your company website, social media pages, and other products.
Certified for Efficiency
Modern technology has significantly improved people’s lives, and it’s something businesses and consumers alike can no longer imagine living without. Thanks to these benefits, several companies can conduct business activities whenever and wherever they may be.
But due to the threat of cybercriminals, it’s understandable why many organisations continue to struggle with the challenges of going digital. The good news is, partnering with a HIPAA-certified outsourcing partner can help you steer clear from these hurdles.
By transacting with a HIPAA-certified outsourcing partner such as Select VoiceCom, you can elevate the performance and security of your organisation. Contact us today to learn more about our expertise.