When considering some of the latest statistics related to Health Insurance Portability and Accountability Act of 1996 (HIPAA) violations and consequences, ensuring compliance is more critical than ever. For example, healthcare data breaches are increasing year-over-year, yet 75% of healthcare organizations say their infrastructure is not prepared to respond to cybersecurity threats effectively. HIPAA is a U.S. federal law.
Every industry has evolved to require high-quality products that are safe for usage according to the applicable rules. Those often appear as international standards that provide a framework for applying the global best practices from operational, ethical, and legal standpoints. Therefore, the primary benefits of aligning with those guidelines are reputational and financial gains.
Contract management is a crucial aspect of state and local government operations for procurement, service delivery, and ongoing vendor performance oversight. Effective contract management is essential to ensure that taxpayer dollars are spent wisely and that goods and services are delivered efficiently and effectively.
Image by vectorjuice on Freepik In today's digital economy, enterprises have to strike the right balance between gaining application and user insights and safeguarding data privacy. With Choreo's feature that derives direct log insights and observability from data planes, organizations can now prioritize enterprise compliance while delivering essential functionality.
IFRS 17, an International Financial Reporting Standard promulgated by the International Accounting Standards Board, supersedes IFRS 4 regarding insurance contract accounting. Its effective date is January 1, 2023. IFRS 17 introduces a comprehensive revamp of the treatment of insurance contracts, entailing novel prerequisites for data, systems, and procedures that impact various departments within the organization, such as Investment, Actuarial, Accounting, Finance, and IT.
Technology is an indispensable ally for navigating process compliance challenges with confidence. That’s because as digitization expands and regulatory requirements change, process compliance becomes more and more difficult to address manually. In this blog post, we’ll examine common process compliance challenges and how technology can help solve them. The most significant challenges for process compliance are manual and paper-based systems.
Consumer privacy has increasingly become important for businesses and individuals alike. As data is becoming more and more widespread, people are more worried about where their data is going, how it’s being used, and how it’s facilitated. This has made data security paramount and front-of-mind for many organizations.
ISO 9001 gives specific requirements and criteria for an organization's quality management system (QMS). It is a broad, international standard that is used by any type of organization of any size. The most recent version of ISO 9001 was released in 2015 and aims to help companies improve customer experience, meet regulatory requirements, manage supplier and partner relationships, and achieve continual company success.
