What is the risk of not being compliant with HIPAA?
Not complying with HIPAA can lead to major personal and financial consequences. First of all, noncompliance quite literally puts individuals’ lives at stake, as it leaves highly confidential medical data at risk of falling into the wrong hands. Secondly, non-compliance can cost your organization dearly: depending on the level of negligence observed by the Office for Civil Rights (OCR, your organization could be charged a penalty of $100 to $50,000 per non-compliance incident. In 2018 alone, OCR issued financial penalties for HIPAA violations that amounted to a sum of $28.7 million—that’s a lot of money, as well as property, that could have been saved through compliance.