Managed Service Providers (MSPs) have the unique opportunity to build a solid customer base by providing web-based software and applications to assist individuals required to comply with the provisions of the Health Insurance Portability and Accountability Act (HIPAA).
With the change in HIPAA compliance support and regulations, now more than ever, MSPs can provide essential services to their customers. When MSPs support HIPAA compliance, data subjects can focus on the more important aspects of their business knowing they are protected from audits and costly fines.
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One of the major changes to the HIPAA regulations affects the responsibilities of business partners. Amendments were completed in 2013 to extend HIPAA regulations to business partners.
As a result of these changes, any third-party vendor who works with Covered Sites and has access to PHI will now follow the same compliance standards as Covered Sites. With many of these companies not specifically focused on health and HIPAA regulations, SME services are critical to their business.
Another factor contributing to the increasing demand for SME services is the rapid growth of technology. In today's business environment, the technology requirements of a company are no longer an issue that is specifically addressed by the IT department, but rather these requirements are considered in the overall company structure.