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Austin, TX, United States, 2013/12/09 - Third-Party Assessment Confirms Company’s Ability to Protect Patient Privacy as a Business Associate of HIPAA-Covered Entities - RenewData.com. NASDAQ: CG
RenewData, a legal consulting and technology company with solutions that address the full spectrum of the Electronic Discovery Reference Model (EDRM), today announced that it has completed a successful third-party assessment of the company’s security practices and protocols. This serves as further assurance that RenewData is compliant with the final omnibus rule for the Health Insurance Portability and Accountability Act (HIPAA) of 1996 and the Health Information Technology for Economic and Clinical Health (HITECH) Act.
The final omnibus rule, which required compliance by Sept. 23, 2013, provides greater protection for patients’ privacy by introducing stricter definitions of a breach, increasing the standards for defense against a violation charge and mandating that business associates adopt the same security measures as their HIPAA-covered clients such as health care organizations and insurance providers. Specifically, the rule calls for administrative, physical and technical safeguards along with organizational requirements. The penalties for noncompliance based on negligence have been increased, with a maximum penalty of $1.5 million per violation.
RenewData is one of the few in the industry in compliance. In fact, a recent survey by an information technology governance, risk and compliance firm found that more than half of all polled business associates covered by the rule are currently not compliant with it, thus exposing their clients to a high level of risk.
“Under this rule, business associates include a wide variety of service providers ranging from lawyers to document storage companies to accountants any contractor or subcontractor working with health care providers and handling protected health information,” says Brian M. Brown, Vice President of Technology and Security for RenewData,“By committing to this high level of security, RenewData reduces risk for our clients by ensuring that each byte of their eDiscovery projects remains stringently protected and compliant.”
The HIPAA compliance is in addition to the company’s recent three-year ISO 27001 recertification. The stringent international information security management certification is earned only after rigorous independent assessments which evaluate the security controls that manage physical and electronic materials. With these controls, the company can ensure the safeguards surrounding the confidentiality, integrity and availability of client data throughout the full life cycle of the eDiscovery process.
To learn more about the final omnibus rule visit hhs.gov/.
RenewData Corporation (renewdata.com) is a legal consulting and technology company with solutions that address the full spectrum of the Electronic Discovery Reference Model (EDRM). The company has a particular focus on review acceleration and its proprietary Language-Based Analytics (LBA) which will guarantee results. RenewData’s goal is to help corporations and law firms mine their unstructured data to significantly reduce the time, cost and risk associated with litigation and investigations.