Introduction

Sage Intacct recently retained Porter Research to conduct a market study targeting financial and executive leadership within non-acute facilities, including ambulatory groups, radiology groups, surgery centers and skilled nursing facilities, to better gauge their understanding of Protected Health Information (PHI) and HIPAA compliance as it relates to finance and accounting professionals in their organizations.

The study revealed that while most respondents agreed that protecting patient PHI was important, they fail to recognize that a significant portion of their daily responsibilities requires their financial staff to access PHI – resulting in an increased risk of exposure, data breaches and ultimately HIPAA violations.

 

In addition, the study showed that most respondents rely heavily on written policies and employee education as the primary means for avoiding HIPAA violations. This, however, leaves room for human error, which can be minimized in the finance and accounting departments with the implementation of modern HIPAA-compliant financial management systems.

 

This paper reveals five major findings from the research that will help financial leaders better understand their risks when it comes to HIPAA violations in their own departments and gives practical advice on how to mitigate these risks going forward.

Complete to download the Whitepaper.

Explore our ERP Services

Moving forward in the new normal in wealth and asset management

2020 is marked by much change and disruption to not only our professional lives, but also our personal ones — across all industries and professions throughout the globe. The COVID-19 virus, suddenly and deeply, has changed everything.

 

In an environment where change is constant – and, at times, quite unpredictable and profound – how do we move forward productively?

Complete to download the eBook.

Explore our ERP Services

As the world continues to face the challenges created by COVID-19 with no clear end in sight, financial services firms are keenly aware that how they respond to the crisis now will impact how they move forward in the future. Here are five key actions you can take now to build resilience and recover faster.

Complete to download the infographic.

Meet our ERP Experts

If you’re wanting to have a conversation about what your options are and the best fit for your team - we're happy to help.

Despite its crucial importance, many companies struggle to get their sales and marketing teamsto work efficiently and collaboratively together. The common narrative is that marketers work endlessly creating spreadsheets with hundreds of leads for the sales team, only to get frustrated that no one follows up with any of them. On the other hand, the … Read more

The COVID-19 pandemic continues to impact the global economy in profound ways. With efforts to contain the virus still ongoing, uncertainty is an ever-present obstacle in business decisions. Financial services firms need to understand the current health of their own firm, as well as their investments, as they react to the constant stream of new information on shutdowns, re-openings, unemployment figures, recession data, and government programs.

 

Many financial firms are focused on solving immediate challenges. It may be hard to imagine investing in new technologies at a time like this. But consider this – a Harvard Business Review study of the 2008 recession found that:

Companies that combined cost-cutting with selective investing before the crisis ended had a 76% chance of pulling ahead of competition, as opposed to companies that solely cut costs.

Opportunity exists even in times of crisis, so let’s explore the five actions you can take to ensure a faster recovery.

Complete to download the eBook.

Explore our ERP Services

When the Health Insurance Portability and Accountability Act (HIPAA) was signed into law in 1996, its purpose was to improve the portability and accountability of health insurance coverage for employees between jobs. Since then, the scope of HIPAA has grown significantly.

 

When the Health Insurance Portability and Accountability Act (HIPAA) was signed into law in 1996, its purpose was to improve the portability and accountability of health insurance coverage for employees between jobs. Since then, the scope of HIPAA has grown significantly. HIPAA became a vehicle to encourage healthcare providers and other covered entities to move to electronic healthcare records and, in turn, keep that patient data secure. Healthcare organizations take HIPAA compliance very seriously, but the inherent complexity of this law and its regulations makes maintaining compliance across all systems challenging. Let’s look at some of the hidden dangers to watch for in HIPAA compliance…

 

 

Complete to download the ebook.

Explore our ERP Services