With HIPAA Phase 2 audits looming on the horizon, many organizations are gearing up for the audits with internal assessments. We’ve already talked about how your organization might be unwittingly violating HIPAA, but what penalties are you really facing? Whether you didn’t know you were committing a HIPAA violation or you willfully neglected to comply, the penalties you will face vary in fine amount and charges. Understanding the penalties your organization might face in light of a HIPAA violation will help you understand and prepare for future audits. Internal assessments will be your savor when it comes to preparing for said audits. It’s crucial to have a good understanding of HIPAA regulations. You don’t want to be put in a position where you slapped with a large fine or even worse, the violation results in a data breach.
The Cost of HIPAA Violations
Follow the chart below to understand the what penalties your organization could face if you fail to comply with HIPAA regulations.