HIPAA Security Risk Assessment Services Reveal Hidden Compliance Gems

Financial Implications and Opportunities

While conducting a HIPAA Security Risk Assessment requires an investment of time and resources, the financial benefits can be substantial. Avoiding a data breach not only saves your organization from potential fines—ranging from $100 to $50,000 per violation depending on the level of negligence¹—but also protects your reputation and patient trust. Moreover, many organizations find that the insights gained from an assessment enable them to streamline operations and reduce costs by implementing more efficient processes.