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AcctTwo Blog

Sage Intacct Offers a Simple Solution for HIPAA Compliance

The Health Insurance Portability Accountability Act (HIPAA) is one of the most sweeping sets of regulations on the books, and for good reason. Personal healthcare information is both highly sensitive and highly vulnerable. Keeping it safe and secure is both a legal and an ethical obligation for every organization in healthcare.

The challenge facing these organizations is that HIPAA compliance is notorious for requiring a lot of input without offering a lot of confidence. Protecting every patient record against every potential threat according to every applicable regulation is a major undertaking. And, considering that a single violation can carry a minimum penalty of $50,000, any amount of uncertainty around compliance is a serious liability.

Topics: Healthcare Industry compliance HIPAA

Hacker Attack on US Hospital Chain Highlights Lack of Cloud Adoption

MedStar, one of the largest hospital chains in the US, crippled by cyber attack

Washington, D.C Area - March 30th, 2016 - While MedStar, the company that runs 10 hospitals in the Washington, D.C. area, has not officially confirmed it was a "ransomware" attack, employees have come forward describing messages on their computers asking for roughly $19,000 in Bitcoins, and giving the company just ten days to pay up. This situation is strikingly similar to a story from just over a month ago, when Hollywood Presbyterian Medical Center paid about $17,000 in Bitcoins to regain access to some of its systems.

Topics: Healthcare Industry cyber-attack cloud adoption ranswomware

Leveraging Cloud Financials to Support Growing Healthcare Organizations

Growth of healthcare organizations – from either consolidation or increased output and revenues – continues to trend upward in the industry, thanks to drivers such as federal mandates, market competition, tighter margins and the increasing need to do more with less.

Topics: Blog Healthcare Industry White Paper Multi-Entity and Consolidations Awareness