Thursday, February 5, 2015
Document Management Services Help Improve HIPAA Compliance Measures
Is your company HIPAA-compliant? Make sure you enlist the aid of efficient document management services, such as Spectrum Information’s so you don’t incur penalties or face other serious consequences. Financial Implications and More The most dreaded effects of noncompliance with HIPAA involve the company’s finances. Aside from facing expensive penalties, you could eventually have a data breach. This will have various financial implications, such as thousands or even millions in legal defense costs if your patients or partners sue you. With such a blow to your reputation, you could also lose clients, and consequently, valuable income.