HIPAA risk analysis is a major aspect of completing a HIPAA compliance checklist for organizations within the medical industry. Risk analysis is used to determine the security of electronically stored patient health information. HIPAA compliant software is often used to aid medical facilities in determining the security of patient records. All covered entities must perform a regular HIPAA risk analysis in order to meet guidelines and avoid penalties.

1. HIPAA risk analysis is a major aspect of completing a HIPAA compliance
checklist for organizations within the medical industry. Risk analysis is
used to determine the security of electronically stored patient health
information. HIPAA compliant software is often used to aid medical
facilities in determining the security of patient records. All covered
entities must perform a regular HIPAA risk analysis in order to meet
guidelines and avoid penalties.
Organizations and entities within the healthcare industry must perform
a comprehensive risk analysis based on a HIPAA compliance checklist. A
comprehensive checklist includes identifying potential security flaws in
software and determining whether there is sufficient backup to restore
electronically stored patient health information in the event of a natural

2. or environmental risk such as a power outage or fire. Internal and third-
party software must be analyzed on a regular basis to ensure continuing
security.
HIPAA audits are a commonly used tool in HIPAA risk analysis. Audits
are most often performed using software and the assistance of customer
service representatives. Some businesses use a third-party auditing
service. The audit will examine how electronic patient health
information is stored, used and shared among other organizations and
entities as well as offering solutions to assist businesses in becoming
HIPAA compliant. Following a HIPAA compliance checklist allows
businesses to perform an affordable internal audit.
Implementing a risk management program is required by all businesses
within the medical industry. Insurance companies and other
organizations are included in HIPAA risk analysis guidelines.
Organizations should have a formal plan in place for handling sensitive
patient information. For example, access to patient health information
should be limited to authorized staff and the organization should have
an established security official in place to prevent unauthorized access
to patient information. The Meaningful Use Core Measures, Privacy Act
and Security Act all impact HIPAA risk analysis and how patient
information can be stored, used and shared with other parties.
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