SOURCE: Evantix

Evantix

February 01, 2011 12:40 ET

Evantix Helps ID HIPAA Supplier Risk Quickly: Launches HIPAA Risk Assessment Tool

ALISO VIEJO, CA--(Marketwire - February 1, 2011) - Evantix, the nation's premier IT Risk Reporting Bureau, announced today that it released a new HIPAA Assessment product in support of the HIPAA / HITECH Act Security and Privacy requirements. The Evantix IT/Risk Bureau™ acts as a shared platform to streamline completion of HIPAA security assessments expediting the discovery of exposures that left unchecked, could lead to substantial fines and lost revenue. 

According to the Benchmark Study on Patient Privacy and Data Security conducted by Ponemon Institute and sponsored by ID Experts, data breaches cost US hospitals $6 billion per year. In addition, 58 percent of hospitals participating in this study lack confidence in their ability to keep patient records secure. "The first step in getting control over this rising problem is to understand the extent of your risk exposure. Evantix provides healthcare organizations with an easy to use, cost effective way to quickly identify the business associates posing the most risk to their institutions," says Martha Lawrence, President of Sequoia Healthcare Advisors.

For a limited time, Evantix is offering a HIPAA Risk Control Report, free of charge. By supporting the HIPAA and HITECH Act requirements, Evantix has helped both the healthcare industry and their suppliers gain the visibility that regulators are demanding for safeguarding confidential patient data, whether it is processed across the street or around the world.

About Evantix
Evantix delivers on-demand IT risk scores, reports, and monitoring on companies globally through its innovative Evantix Risk Bureau. Evantix reports and risk scores are used by corporate risk managers, procurement officers, and other business teams to identify, quantify, and manage risk across large complex businesses, their supply chains, and various 3rd party business relationships. Information about Evantix's products and services can be found at www.evantix.com.

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