Without complete HIPAA policies in place, fines for non-compliance can be as much as $25K per instance. Budgetary and staffing limitations at outpatient care centers undermine your ability your make patient privacy a priority.
The average medical practice will spend approximately $10K annually and lose 260 hours of productivity to fulfill their release of information obligations. Implementation of electronic health records increases your release of information expenses by as much as 50 percent.
Retiring physicians and closing a medical practice will incur approximately $15,000 in immediate release of information expenses for each 1000 patients. The same applies for a practice division or re-location.
Medical practices spend as much as 30% more per year than they should to maintain compliance with records retention requirements. Click here