With the amount of personal information individuals provide to their doctors and the growing amount of information being held in digital form, hackers have set their sights on targeting the healthcare industry. With the average cost of a data breach ranging from $1 million for Business Associates (BAs) and over $2.1 million for covered entities (CEs), it is vital to raise the importance of security over protected health information (PHI) especially when it comes to managing vendors.
Download this white paper to explore
- What the importance and significance of vendor management is regarding a covered entity's compliance and security;
- Important vendor responsibilities that pose potential risk to a covered entity;
- Various pros and cons of vendor management options covered entities have to choose from.