HIPAA Compliance Risk Assessments

Regulation and Compliance

HIPAA Security Plan

Risk Assessment and Risk Management

HIPAA Security Rule requires that each covered entity and/or business associate conduct periodic risk assessments and manage their risk treatment(s) for specific risks that are identified and which align with established risk tolerance levels.

Starting at $2475.00

The required implementation specification at § 164.308(a)(1)(ii)(A), for Risk Analysis, requires a covered entity to, “[c]onduct an accurate and thorough assessment of the potential risks and vulnerabilities to the confidentiality, integrity, and availability of electronic protected health information held by the covered entity.”

The required implementation specification at § 164.308(a)(1)(ii)(B), for Risk Management, requires a covered entity to “[i]mplement security measures sufficient to reduce risks and vulnerabilities to a reasonable and appropriate level to comply with § 164.306(a) [(the General Requirements of the Security Rule)].”

The principal goal of an organization’s risk management process should be to protect the organization and its ability to perform its functions, not just its IT assets. Therefore, the risk management process should not be treated primarily as a technical function carried out by the IT experts who operate and manage the IT system, but as an essential management function of the organization.

Risk Management

Risk management encompasses three processes: risk assessment, risk mitigation, and evaluation and assessment. A system development life cycle (SDLC) has five phases: initiation, development, or acquisition, implementation, operation or maintenance, and disposal. Risk management is an iterative process that can be performed during each major phase of the SDLC.

Risk Assessment

Risk assessment is the first process in the risk management methodology. Organizations use risk assessment to determine the extent of the potential threats and the risks associated with an IT system throughout its SDLC. The output of this process helps to identify appropriate controls for reducing or eliminating risk during the risk mitigation process.

Risk is a function of the likelihood of a given threat, the source of the threat’s potential vulnerability, and the resulting impact of that adverse event on the organization.

Risk Mitigation

Risk mitigation is a systematic methodology used by management to reduce mission risk. Risk mitigation can be achieved through:

• Risk Assumption
• Risk Avoidance
• Risk Limitation
• Risk Planning
• Reach and Acknowledgement
• Risk Transference

 Evaluation and Assessment

The organization’s information systems will continually be expanded and updated, its components changed, and its software applications replaced or updated with newer versions. In addition, workforce personnel changes will occur and security policies are likely to change over time. These changes mean that new risks will surface and risks previously mitigated may again become a concern. The risk management process is not a one-and-done activity; it’s ongoing.

We take care of your risk assessment, risk management, (optional) ongoing evaluation, and assessment activities to keep your organization compliant.

Our Process Management Portal

Our easy-to-use Service Solution Packages include access to our custom Management portal that allows you to manage your employees, employee-related documents, and training at your fingertips. 

• Share and share your important organizational documents.
• Allows for electronic signatures.
• Access to customizable forms, policies, and procedures.
• Online training modules, such as employment, HIPAA, IPC, OSHA, and more.
• Customized Employee Onboarding and Orientation.*
• Customized Compliance Assessments, Review Calendar, and Documentation