The healthcare industry stores a vast amount of sensitive patient data – Electronic Health Records (EHRs), billing information, and more. This data makes healthcare organizations a prime target for cybercriminals. A recent Verizon Data Breach Investigations Report found healthcare as the second most targeted industry. Furthermore, a report by 2022 HIMSS stated that data breaches in healthcare cost an average of $9.3 million per incident, highlighting the immense financial burden such breaches inflict. Beyond the financial toll, data breaches can erode patient trust and disrupt critical operations.
But how do healthcare organizations navigate the complex world of cybersecurity and compliance regulations? Terms like “security” and “compliance” are often used interchangeably but represent distinct concepts. Understanding these differences is crucial to protect your patients’ data and business.
We will explore the key differences between security and compliance, common challenges in balancing both, and how an MSP can be your partner in navigating this complex landscape.
Healthcare IT security involves a range of technologies, processes, and practices aimed at safeguarding electronic health information from unauthorized access, use, disclosure, modification, or destruction. The main objective of security measures is to protect patient data against threats like cyberattacks, data breaches, and other malicious activities. These security measures enforce compliance or provide evidence of compliance/non-compliance.
Healthcare compliance involves adhering to the regulations and standards set forth by governmental and industry bodies to ensure that healthcare organizations handle patient data responsibly and ethically. In healthcare, the primary focus is on the Health Insurance Portability and Accountability Act (HIPAA). HIPAA outlines various requirements for protecting patient data privacy and security. Compliance aims to demonstrate that you are actively meeting the regulatory requirements.
As an SMB healthcare leader, you might face several challenges in maintaining a balance between security and compliance:
A successful breach can expose sensitive patient data, putting your reputation and patients’ well-being at risk. Managing security and compliance in-house requires constant vigilance, specialized skills, and significant resources. Doing it alone is too big a gamble.
Working with a MSP specializing in healthcare IT security is like having a dedicated security team on your side, but without the burden of building and maintaining one yourself. Here’s how an MSP can help you:
As healthcare IT faces constant change and new challenges, a clear understanding of the difference between security and compliance is crucial. While security focuses on protecting data from breaches and cyber threats, compliance ensures adherence to legal and regulatory requirements. Both are essential for safeguarding patient information and maintaining trust.
Managing these aspects on your own can be challenging and time-consuming for small businesses due to limited resources and expertise. Partnering with a trusted MSP like BlackPoint IT Services provides the necessary support and knowledge to develop a robust security posture, ensure compliance with HIPAA and other regulations, and protect patient data and your business.
BlackPoint IT Services specializes in providing comprehensive cybersecurity and compliance solutions for healthcare companies. Our services include:
Schedule a consultation with us today to learn how we can help you navigate the complexities of healthcare security and compliance regulations.