Risk Analysis Of Risk Analysis And Management

Due to the high risk to information systems, many organizations do not conduct a periodic risk analysis and are not able to know where they stand. This may seem blatantly obvious, but it is something many of the healthcare organizations continue to wonder about. In order to improve the effectiveness and proficiency of the health care system, the Health Insurance Portability and Accountability Act of 1996 (HIPAA), Public Law 104-191, includes Administrative Simplification requirements for HHS to accept national standards for electronic health care operations and code sets, unique health identifiers, and security (Sullivan, 2014). Enforcement of the Privacy Rule that began on April 14, 2003 for most HIPAA covered objects.

Before we go any further, let us take a few moment to examine what HIPAA is, what purpose it serves, and most importantly how the breach of HIPAA could severely impact our organization financially and hinder us from competing in the health care market. So what is HIPAA? HIPAA or Health Insurance Portability and Accountability Act is a federal privacy law enacted by the congress in 1996 to protect the individual personal information held by health care organizations and its business associates. The primary purpose of this law is to safeguard the confidentiality and the security of patient personal record whether be it in forms of electronics or non-electronics. Most importantly, HIPAA is created to deter health care entities from illegally disclosing patient information to third party for financial gain other than for the purpose of necessary diagnosis and treatments.

Hospitals have put in place widespread security and privacy measures to protect patient health information. However, there are still errors being made in data security through the IT standpoint. Some of these errors or issues include:

Under the HIPAA Security Rule, health care providers are required to conduct an accurate and thorough analysis of the potential risks and vulnerabilities. Protecting the confidentiality, integrity, availability, and privacy of data in health care is very important. For a risk analysis, health care providers would prioritize risks based on the severity of the impact that it would cause their patients and practices (Security Risk Analysis TipSheet, 2014). In addition, identifying the potential threats to patient privacy and security (Security Risk Analysis TipSheet, 2014). A risk analysis process would include determining the likelihood and impact of potential risk to electronic protected health information, implementing security measures to

The Department of Health and Human Services has implemented risk assessment policies and procedures such as HIPAA, through its regulatory compliance of OMB Circular A-130, and NIST SP 800-37 Rev.1 standards. They have done so, by establishing, dissementing, and periodically reviewing/updating formal documented risk assessment policy and procedures that address the purpose, scope, roles, responsibilities, and compliance of the organization. Furthermore, the HHS has also followed this control through the development and implementation of policies, “the organizational commitment to information security and the actions required to effectively manage risk and protect the core missions and business functions being carried out by the organization” (DHHS, 2011).

Whilst on placement with the Aberdeenshire Council Children and Families Team I adhered to the lone working policy to ensure my safety when out of the office working with clients. To minimise risks, in line with this policy I have my mobile phone with me at all times and ensure I write my day to day diary on the office board with names, times and addresses of where I will be going, and notify staff of my where-a-bouts (Aberdeenshire Council 2014).

In addition to legal support, standards have been implemented to assist with health information security. For instance, the ISO/IEC 27002 is a standard that was created in the mid 1990’s to provide theory and recommended techniques for dealing with information security. Furthermore, the ISO 27799 supplements the ISO/IEC 27002 by providing more detailed guidance that has been customized for the healthcare industry. According to Fernández-Alemán, Señor, Lozoya, & Toval, the ISO 27799 standard “provides clear, concise and healthcare-specific guidance on the selection and implementation of security controls for the protection of health information, and is adaptable to the wide range of sizes, locations, and service delivery models found in healthcare.” Thus, it would appear that

minimizing human intervention. The regulatory focus at ABC Healthcare is on the Health Insurance Portability and Accountability Act (HIPAA) and Sarbanes-Oxley (SOX). Both pieces of legislation highlight the need for good systems administration and controls, but focus on different aspects of the business. The main focus of HIPAA is to protect personally identifiable health information while SOX is concerned with data that impacts financial reporting. Violations may be met with both civil and criminal penalties. Therefore, the company must be ever watchful of new threats to their systems, data, and business operations.

ABC Hospital recently underwent a third-party assessment to identify gaps with the organizations compliance to the HIPAA Security Rule. One of the critical risks identified was the lack of existing process for addressing vulnerability management with connected IT assets in the environment. The resulting assessment report and recommendations were provided to the board of directors for review and approval to implement effective risk reduction. The board determined that this project be chartered in order to address the risks identified by the third party assessment.

Based on your learning over the past six weeks, identify the factors that will be required for future change in the health care industry pertaining to quality improvement, patient safety, and risk management.

Scenario: You are leading during the second day of the Self Reliant Camp in the Coffin Bay National Park. While exploring in the Pt. Whidbey Wilderness Area during lunchtime, one of the group was bitten by a snake just above the right ankle. They are complaining of pain and nausea, there are two puncture marks on the right foot.

Prepare the Scope and Objectives of the Risk Management Process section of the Risk Management Plan based on the facts presented in the case study

Any risk analysis is the foundation of any sound privacy and security program it is also a requirement of HIPAA security rules .When you talk about HIPAA this any kind of medical information or anything that deals with personal information. A proper risk analysis it would involves a three – step process to identifying ,

One well accepted description of risk management is the following: risk management is a systematic approach to setting the best course of action under uncertainty by identifying, assessing, understanding, acting on and communicating risk issues. In order to apply risk management effectively, it is vital that a risk management culture be developed. The risk management culture supports the overall vision, mission and objectives of an organization. Limits and boundaries are established and communicated concerning what are acceptable risk practices and outcomes. Since risk management is directed at uncertainty related to future events and outcomes, it is

The operations on a FPSO encounters many hazards or risk to personnel and the environment. Production facilities on the FPSO increases the risk associated with many marine incident.