Mitigating Risk and Reducing Costs with Smart Healthcare Records Management

The following is a guest article by Mitchell Perry, VP Compliance & Security at Access In the ever-evolving landscape of healthcare IT in US healthcare frameworks, integrating electronic health records (EHRs) has become a cornerstone for providers. However, the transition from traditional paper records to digital formats presents a challenge that extends beyond a simple “scan all” approach. Healthcare providers researching all the modern options must learn how to navigate the maze of security, regulatory compliance, and digital strategy to remain compliant with HIPAA (The Health Insurance Portability and Accountability Act), FACTA (The Fair and Accurate Credit Transaction Act), FERPA (The Family Educational Rights Privacy Act), and many other information governance regulations. If healthcare providers fail to comply, the consequences can be costly. Predominantly, the risk of fraud, theft, or abuse of customer or company information increases, which can cause regulatory violations resulting in significant fines and penalties. On top of the monetary consequences, the legal liabilities are extensive, causing harm to a healthcare provider’s reputation, brand trust, and customer loyalty. Here are a few steps healthcare providers can take to mitigate overall risk, reduce costs, and stay current with changing laws: Prioritizing Patient Needs with Smart Records Management Smart records management is the backbone of efficient and effective patient care in the modern ...
Source: EMR and HIPAA - Category: Information Technology Authors: Tags: Ambulatory EMR-EHR Health IT Company Healthcare IT Hospital - Health System LTPAC Regulations Security and Privacy Access Improving Patient Needs Medical Records Mitchell Perry Reducing Costs Risk Mitigation Smart Healthcare Do Source Type: blogs