Truth Enforcer reduces your yearly HIPAA audit costs while securing trust and transparency. The streamlined data verification process can cut the time by more than 50%, especially when compared to manual investigations. In parallel, it also reduces the time for verification of document history by up to 30%, which results in audit cost savings of 10 to 20%.
The increasing cybersecurity threats and attacks that are improving and gaining size are not limited to one industry or location. The U.S. Department of Health and Human Services (HHS) came up with a significant update for the Health Insurance Portability and Accountability Act (HIPAA) regulations. Since healthcare organizations will also face developing cyber threats, these updates are meant to bolster their defences and protect the community that accesses their services.
This endeavour highlights annual compliance audits, encryption, and quick recovery mechanisms to secure electronic protected health information (ePHI). The approach we suggest with Truth Enforcer facilitates the compliance spectrum of audits by providing proof of authenticity.
HIPAA’s Annual Compliance Audits
The new rules from HIPAA that organizations must comply with include conducting regular audits once every 12 months. These audits are meant to review technical safeguards, implemented policies, and running procedures that protect patient data.
Managing the integrity of documents, spreadsheets, and other records produced by a business’ workflow requires a labour-intensive verification process. Depending on the entity and produced records, this involves a dedicated team working tirelessly to ensure everything remains as originally created and without being tampered with. As your business and client base grow, this approach will encounter a serious scalability problem, which means increased difficulty and costly maintenance to continue the same level of verification accuracy and oversight.
Truth Enforcer offers a more efficient alternative. By integrating it into your document management or customer relationship management systems, each record can be sealed as they are created. This means that any alterations made afterward become easily detectable. You become more capable and eliminate the need for lengthy and costly investigations. With Truth Enforcer, you can verify authenticity and ensure data integrity. The efficiency and confidence our solution brings can accompany your business scalability while freeing up valuable time and resources.
Immutable Trail as Reliable Evidence
The strength of blockchain technology is the ability to maintain an immutable record of audit trails that can be verified. The decentralized system makes the digital fingerprint representing the document’s content virtually impossible to alter. That is the immutable ledger, but it also helps to provide a clear indication of any tampering if the fingerprint does not match.
During compliance audits and regulatory reviews, that same immutable audit trail can provide vital proof of compliance. This is what healthcare organizations and providers can have as a trustworthy record of their compliance efforts.
This verification process adds an extra layer of security and transparency to HIPAA compliance. It allows both internal and external auditors to quickly confirm that the audit records are original and have not been modified, providing greater assurance to regulatory bodies, patients, and other stakeholders.
By integrating this mechanism into annual audits, your organization can demonstrate that everything produced remains unchanged and authentic – which provides strong evidence and due diligence.
Efficient Document Integrity and Secure Verification
Truth Enforcer’s ability to create a secure and immutable audit trail ensures that authenticity can be verified and integrity upheld during the entire auditing process. This ability is obtained without massive endeavours, lengthy investigations, or resource drainages, making it a productivity and cost-saving software for the enterprise implementing it.
The premise is simple: while traditional audits remain applicable to ensure compliance with HIPAA’s security rules, it is by combining them with our blockchain solution that you guarantee an extra layer of verification and efficiency advantage over other manual workflows.
Healthcare organizations and other interconnected entities can better protect themselves and demonstrate their commitment to maintaining ePHI integrity by leveraging these technological strengths.
The new HIPAA rules are becoming stricter in their requirements in the hope of increasing the quality level of cybersecurity. Conducting annual compliance audits is an important action because it compels entities to demonstrate their commitment to and maintenance of security compliance standards. Truth Enforcer is meant to strengthen the technical safeguards requested in compliance but also to augment the overall verification measures in an increasingly hostile digital environment without losing productivity or competitive edge.
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By Francisco Rodrigues, Business Analyst
"I'm writing about how software integrations can adapt to business environments and respond to industry-specific demands. I want to show enterprises the road to streamline processes, eliminate bottlenecks, and ensure compliance by empowering teams and C-suite executives with the right tools."