The IT Governance, Risk and Compliance Challenge for Healthcare

The Healthcare Insurance Portability and Accountability Act (HIPAA) has placed significant pressure on healthcare companies to establish solid enterprise level security programs. The protection of Electronic Personal Health Information (EPHI) has become one of the foremost important facets of IT organizations in healthcare companies. The scope and number of companies that are affected by HIPAA is substantial. Not only must the large healthcare companies abide by the legislation, smaller healthcare institutions and any company that stores EPHI must also comply. Costs associated with HIPAA are substantial and those companies that are able to reduce these costs and transition the compliance effort into an operational facet of their business will be much more successful.

HIPAA is centered on the identification and definition of controls and the establishment of a solid security process within the organization. The challenge lies in meeting these requirements in the context of the business. Large healthcare companies require one type of security program, smaller healthcare companies require a different type. Regardless of the size of the organization, IT policy and the definition of controls is a key point of demonstrating compliance. An extensible framework to manage both control definition and regulatory requirements with compliance measurements and reporting is necessary for healthcare organizations to efficiently and effectively ensure compliance.

IT Governance, Risk and Compliance Challenges for Healthcare

• Mandatory for companies that process, store or handle personal health information
• High costs of defining controls for IT
• High costs of demonstrating compliance
• Budget impact to IT efforts for business
• Allocation of resources away from key business initiatives
• Difficulty with ongoing sustainability
• Companies with wide range of capabilities and resources have similar requirements

Brabeion Solutions:

Brabeion Software solutions eliminate exposure of information security programs to repeat audit findings, regulatory violations and fines protecting brand, customer and commercial relationships. Our solutions ensure audit proven IT security controls maintained by experts including PwC, are mapped to regulations, customized for business requirements and communicated to employees, partners, auditors and regulators. Online dashboards measure and manage business risk, compliance and security program metrics and audit readiness down to the asset level. Our solution reduces the complexity of compliance and the cost of audits across global and heterogeneous environments.