The importance of conducting a risk analysis updating it can be gauged from the fact that failure to conduct a written risk analysis qualifies as “willful neglect”, which carries the highest Civil Money Penalty (“CMP”). This cannot be waived by the DHHS unlike violations that happen due to a reasonable cause.
Since risk analysis is a required implementation specification under the Security Rule, failure to do one amounts to willful neglect. If the civil money penalties for not doing a risk analysis were high enough; consider the costs associated with remediation: Blue Cross Blue Shield of Tennessee not only had to pay the $1.5 million settlement, but also incurred $17 million in remediation costs-costs that might have been avoided had it done an updated risk analysis. Other seven-figure settlements involved failure to do the required initial risk analysis.
Risk analysis is at the core of HIPAA and HITECH
So, it needs to be understood that risk analysis is at the core of HIPAA & HITECH. MentorHealth, a leading provider of professional trainings for the healthcare industry, will be explaining the importance of risk analysis to HIPAA and HITECH at a webinar it is organizing. Jonathan P. Tomes, J.D., a health care attorney and partner in the law firm of Tomes & Dvorak, Chartered, will be the speaker at this webinar.
To gain understanding of how to carry out a risk analysis for HIPAA and HITECH, please register for this webinar by visiting http://www.mentorhealth.com/control/w_product/~product_id=800889LIV....
This webinar will teach participants the proper ways of performing a HIPAA & HITECH Act Risk Analysis. Jonathan will help participants understand the nature, scope and methodology behind risk analysis.
He will cover the following areas during this session: