Healthcare and Life Sciences
Concord Compliance has the experience and expertise to help institutions in the Healthcare and Life Sciences industry.
Compliance management for the Healthcare and Life Sciences industry
Just as in any other industry, healthcare and life sciences organizations are safeguarded by a multitude of different standards and requirements. From data protection and transport, to health information format and structure, healthcare and life sciences industry standards are designed to maintain a sense of confidentiality, integrity, and availability (CIA) for both the patient as well as the organization.
Crucial Healthcare and Life Sciences industry standards
HIPAA
Passed by the U.S. Congress in 1996, the Health Insurance Portability and Accountability Act (HIPAA) was created to simplify administration procedures, develop national standards for electronic healthcare transactions, and address the sensitive nature of electronic protected health information (ePHI) by establishing security and privacy requirements. HIPAA is a federal law that must be followed by all healthcare organizations. At the highest level, failure to comply with HIPAA rules could result in a fine of up to $250,000 with an additional legal penalty of up to 10 years in jail.
HL7
Accredited by the American National Standards Institute (ANSI), Health Layer Seven (HL7) is a standards organization that focuses on the clinical and administrative data of healthcare organizations. This international community of experts is the entity responsible for the creation and promotion of the standards framework for the exchange, integration, sharing, and retrieval of electronic health information. Unlike HIPAA, HL7 is not a federal law. However, compliance with HL7 serves as an excellent tool that helps strengthen a healthcare organization’s clinical practice, management, and delivery of health services.
IHE
Created by healthcare professionals as an initiative to improve the sharing of electronic healthcare data, Integrating the Healthcare Enterprise (IHE) profiles different healthcare standards that already exist (i.e., HL7) to address specific clinical needs and optimize patient care. Much like HL7, IHE is not a federal law, but compliance with IHE standards is an excellent practice for healthcare organizations to ensure their computer systems are transmitting healthcare data in a safe and secure manner.
How Concord Compliance helps you maintain industry compliance
With industry-leading expertise in HIPAA compliance and other industry standards, Concord Compliance is equipped to provide you with a comprehensive compliance management program that ensures your healthcare organization maintains an adequate sense of confidentiality, integrity, and availability (CIA) for your patients and business partners. Failure to comply with HIPAA standards is not an option for you, and it isn’t an option with Concord Compliance. Our team is dedicated to helping you through every step of the compliance processes.
Advanced
Automation
Here at Concord Compliance, our comprehensive compliance software platform automates all of your document approvals and re-approvals, staff training, and activity tracking to keep your organization’s HIPAA compliance program in good standing.
Up-to-date
Management
By establishing a comprehensive, auditable system of record for the full compliance program, user training and compliance activities, Concord Compliance ensures you stay up-to-date with your HIPAA compliance obligations and are consistently prepared for potential audits.
Completely
Customizable
Beyond HIPAA compliance, compliance management software can be configured and customized to meet the needs of an even broader range of healthcare and life sciences industry standards such as HL7 and IHE, if necessary.