Compromising patient data can impose heavy financial penalties on healthcare entities. Thus, HIPAA Compliance is necessary to establish security standards that protect end-to-end patient data exchange from such risks.
It enforces investments in essential tools and practices for data security, programs to discover bugs or vulnerabilities in data handling, and keeps the security infrastructure up-to-date to prevent any unauthorized access.
It introduces security policies, processes, and training programs to organizations to build a well-qualified workforce that can be trusted with patient data and strengthen its threat intelligence capabilities.
It builds credibility for organizations, acts as a safeguard against false accusations in the event of data loss during operations, and reassures patients that their information is securely managed.
HIPAA EDI transaction sets are documents that communicate patient data between two entities via EDI under HIPAA regulations.