As a health care business owner, you know how vital HIPAA compliance is. The Health Insurance Portability and Accountability Act (HIPAA) was first established in 1996. It was put in place to protect patients from having their information released without their consent or knowledge. To be in violation of HIPAA laws could seriously jeopardize the longevity and reputation of your business. Not to mention it would infringe on the privacy rights of your patients.
For the sake of your business’s professionalism and out of respect for your patients, it’s essential that you remain HIPAA compliant at all times. So, how can you go about ensuring compliance? Should you outsource? Keep reading below for some of the pros and cons of outsourcing HIPAA compliance.
Should you be outsourcing HIPAA compliance?
Deciding whether to outsource HIPAA compliance or not can be tricky, but in order to make a more informed decision, take a look at some of the advantages and disadvantages listed below:
- Pros — One of the biggest advantages of outsourcing HIPAA compliance is that it will help you make absolutely sure that you’re not accidentally violating any regulations. Outsourcing to experts who know exactly what needs to be done is an effective way to protect yourself and your business from legal and financial issues.
- Cons — It may be costly for small businesses. Hiring a third party to outsource HIPAA compliance can be a costly expense for new or small businesses; however, it can be extremely valuable for the future of the business. A lawsuit against your business that could have been prevented by outsourcing could put your small business under and leave you with both poor finances and a damaged reputation.
Partnering with an outsourcer, like Alliance PTP, can ensure that your company and your clients remain protected at every stage of their health care experience with you. It adds ease to ensuring compliance and gives you peace of mind that you haven’t accidentally glossed over any aspects of HIPAA compliance.
Alliance PTP wants to help you outsource your HIPAA compliance to protect your business and your patients
Alliance Physical Therapy Partners firmly believes that partnership means creating something that is greater than the sum of its parts. Alliance PTP is proud to bring together physical therapy clinics around the nation to help people get the kind of treatment they’re looking for and then exceed their expectations. Want to learn more about joining Alliance PTP’s growing list of partners? You can read more on our page for practice owners here. If you’re interested in learning more about how Alliance PTP can help your business outsource your HIPAA compliance, don’t hesitate to reach out.
Contact our team today for more information about how we can help your practice or to find out how you can join our partnership in care.