Streamline all HIPAA compliance aspects with a sustainable and reliable software.

01_HIPAA Compliance Management

The Challenges

  • Meetiing and demonstrating compliance with HIPAA requirements presents a number of operational challenges for covered entities whose ultimate goal is patient care.
  • While HIPAA/HITECH may be a boon for healthcare information security, they also throw up a number of challenges for covered entities in the form of costs, tracking of regulatory changes, extensive documentation, and the need for an enterprise-wide approach towards compliance management.
  • The amended HIPAA rule formalizes many of the statutory changes already made in 2009, defines procedures to notify any breach, and increases penalties for noncompliance from $25,000 to $1.5 million per violation.

Our Solution

360factors provides a regulatory risk and compliance management software platform and advisory services designed to make healthcare organizations roll out their HIPAA and HITECH initiatives effectively and efficiently through a simple yet effective regulatory risk and change management model and methodology.

We offer two unique solutions:

Option 1

Predict360 Managed Services

In managed services, you pay a flat fee to license the software along with our services. Drive operational efficiency, through a flexible, easy-to-use information system that allows organizations to identify, analyze, evaluate and treat your HIPAA risks and in order to protect the corporate brand, create value for shareholders, owners, employees, customers and regulators.

Option 2

You can secure advisory services on a short and long term project basis. Our experts will help guide you to create the most efficient HIPAA regulation management system possible.

Our experts follow a consistent Regulatory Risk and Compliance Management methodology.
  • Regulations drive the “Why” – why does an organization need to comply?
  • Once we understand the “why”, that leads to the “What” – what are the controls and what are the risk levels?
  • Once we identify the risk levels, this helps us prioritize which risks need to be addressed, leading us to the “How”.

Regulatory Change Management Methodology

  • The “How” entails defining a clear end-to-end process on how to mitigate risk and achieve compliance.
  • Once the process is defined, the next step is to identify the point of compliance which is the “Where” – typically a branch office.
  • Once the point of compliance is defined, the last step in the process is to identify the “Who” – who is responsible and who is accountable for actions and approvals?

Our Software

Our advisers and experts use Predict360, a regulatory risk and compliance software to streamline advisory services as a competitive differentiator. It vertically integrates all modules which allows organizations to manage their compliance programs based on federal and state regulations through a single platform.

  • Allows you to manage your compliance processes and helps you demonstrate evidence that you are doing so.
  • It has a centralized and readily accessible repository of compliance information for each patient.
  • It has a highly configurable audit process that will enable you to manage the complete lifecycle of your audit including your preventive action recommendation.
  • Tracks incident investigations at multiple sites and links those investigations to applicable regulations, standards and business requirements providing evidence of compliance and supporting an audit-ready state.