HIPAA Information Security for hospitals: The benefits of implementation

We have examined why it can be envisioned that HIPAA standardization would help hospitals, but exactly what benefits and Return on Investment (ROI) could be expected

  • Enhanced privacy and security of patient and member personal health information.
  • Provider and health plan overhead cost reductions through standardization
  • More consistent processes among health plans as electronic formats and values will be uniform throughout the health care industry.
  • Simplification of data submission through standardized transactions and code sets.
  • Availability of a new option for submitting authorizations and referrals that allows transmission of multiple referrals and authorizations in standardized formats.
  • Additional options for online and batch inquiries provide an alternative to send multiple claim inquiries in one file and to receive a timely response on the status of each requested claim.