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Compliance 360 Launches Privacy Breach Management Solution to Address Requirements of HITECH ActOnline Solution Available for Free Use by up to 100 Healthcare Provider and Insurance Organizations
Atlanta, GA. – October 20, 2009 – Compliance 360, a leading provider of Software-as-a-Service (SaaS) solutions for enterprise governance, risk management and compliance (eGRC) announced today the availability of the Compliance 360 HITECH Privacy Breach Management Solution. This new solution from Compliance 360 is used by healthcare providers and health insurance companies as their system of record for managing suspected privacy breaches, facilitating investigations, completing timely notifications of affected parties and maintaining an audit-ready state as required by the Health Information Technology for Economic and Clinical Health (HITECH) Act passed as part of the American Recovery and Reinvestment Act of 2009 (ARRA). The privacy breach management regulations in the HITECH Act create significant new compliance risks for healthcare providers, health plans and their business associates that have access to protected health information (PHI) data. In response to these new regulatory burdens, Compliance 360 is making a limited use version of its HITECH Privacy Breach Management Solution available for free usage, for a period of up to one year, for up to 100 organizations. “Faced with increasing compliance risks created by the HITECH Act, and a clear need among healthcare providers and health plans to mitigate these risks, we’ve mobilized to quickly bring this new solution to the market,” said Steve McGraw, president and CEO of Compliance 360. “Because we recognize that the healthcare industry also faces unprecedented cost pressures, we’ve decided to make the HITECH Privacy Breach Management Solution available for free to a broad number of organizations. By taking advantage of the free-use program, we believe that healthcare providers and insurance companies can benefit immediately by reducing their compliance risks. Many of them, for the first time, will also be able to experience the power of the healthcare industry’s leading GRC solutions from Compliance 360.” “Our recent EHR Integrated™ designation underscores our continued commitment to help hospitals in achieving greater process efficiencies, accuracy and effectiveness during a time of increased scrutiny by auditing bodies,” states Thomas Stitt, Vice President of Business Development for Compliance 360. “Given the labor-intensive and long-term nature of managing and appealing payor denials, we are pleased to work with EHR to help hospitals streamline this process so that their focus can be on the hospital’s primary mission of delivering quality healthcare.” Healthcare and insurance companies interested in participating in the Compliance 360 HITECH Privacy Breach Management free-use program should contact Breach.Management@compliance360.com. About Compliance 360 for Healthcare
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