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What is the real-world examples of regulatory compliance and the business or industry that the compliance applies? what is the compliance and its impact on
What is the real-world examples of regulatory compliance and the business or industry that the compliance applies? what is the compliance and its impact on the industry? What are the consequences if companies do not follow their rules and regulations?
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RealWorld Examples of Regulatory Compliance 1 Healthcare Industry HIPAA Compliance Compliance The Health Insurance Portability and Accountability Act HIPAA protects the privacy and security of patients medical information Healthcare providers insurers and other covered entities must comply with HIPAA regulations to safeguard patient data and ensure its confidentiality integrity and availability Impact HIPAA compliance has significantly impacted the healthcare industry by Improved data security Standardized security measures protect sensitive patient information from unauthorized access misuse and breaches Enhanced patient privacy Patients have more control over their medical data and can understand how it is used and shared Increased transparency Healthcare organizations must be transparent about their data practices and disclose any breaches promptly Reduced costs HIPAA compliance can help prevent costly data breaches and associated legal consequences Consequences of NonCompliance Failure to comply with HIPAA can lead to significant penalties including Civil fines of up to 50000 per violation Criminal penalties for willful neglect Reputational damage and loss of patient ...
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Auditing a risk based approach to conducting a quality audit
Authors: Karla Johnstone, Audrey Gramling, Larry Rittenberg
9th edition
9781133939160, 1133939155, 1133939163, 978-1133939153
