The Benefits of Being GDPR-Ready

Published in Member Communities on March 25, 2019

The culmination of HIPAA and the ever-growing cybersecurity threat due to the advancement of technology has made it increasingly important for organizations to take every precaution to protect private medical information. One tactic health care organizations are using is GDPR. If you’re unfamiliar with this seemingly obscure acronym, here is what you need to know about why you should get on board with GDPR now!

What Is GDPR?

It stands for General Data Protection Regulation. It went into effect on May 25, 2018, for the European Union but also applies to any businesses who conduct any relations with citizens of the EU. At its core, it is a privacy law that protects client confidentiality including protected health information. This means choosing the best technologies to safeguard information from the beginning to end of every data information transfer. It requires organizations to collect data legally and protect it from misuse, or they will be held legally accountable.

Why It’s Important to Be Prepared

Being ready for GDPR is not a simple task, but it is an important one. Even if you are a US-based business, it is essential that you are prepared as there are likely still people with whom you do business in some way from the EU. Because of the reach of the internet, and potential for data collection of EU consumers, it’s important to be prepared. There are many moving parts of GDPR and part of mastering it will include: understanding the technologies that hold or carry the data, awareness of risks, and how to build a compliance program in every unit of your organization.

How Can It Truly Help?

Less Likely to Get Hacked
The standards set out by GDPR have the potential to offset company-wide breaches. In a survey conducted by Cisco, organizations that adhere to the GDPR standards have fewer breaches and quicker recoveries from hacks. This is because it requires a complete overhaul of current cybersecurity measures. It makes your company stronger and prepared for an attack.

Increased Consumer Trust
When you have little to no breaches, consumers have a higher trust in your ability to protect them. Each time information is gathered, you will have communicated to them the purpose of the gathering and how it is safely maintained and destroyed when no longer needed. When they see that their personal information is respected and well taken care of, they will naturally have an increased sense of loyalty in return.

Decreased Costs
This comes as a surprise, but the investment in GDPR has the potential to decrease costs due to streamlined security procedures and fewer recovery costs of hacks. You can also expect lower litigation costs that are often the result of a security breach because you are doing everything in your power to protect patient data.

Are you ready to take the next steps in cybersecurity? Contact us today to see how your organization can become GDPR-ready.


comments powered by Disqus

From Our Experts

NCART: House Circulates Sign-On Letter for CRT Manual Wheelchair Accessories thumbnail NCART: House Circulates Sign-On Letter for CRT Manual Wheelchair Accessories NCART recently announced some good news from our Congressional champions. As we prepare for National CRT Awareness Week, Representatives John Larson (D-CT) and Lee Zeldin (R-NY) are circulating a bipartisan letter to CMS for additional signatures to ensure people with disabilities who use Complex Rehab Technology (CRT) manual wheelchairs have the same access as those using CRT power wheelchairs. We need you to get your Representative to sign on! HME News: Accessories: Time to Follow Up, Stakeholders Say thumbnail HME News: Accessories: Time to Follow Up, Stakeholders Say Complex rehab stakeholders are working with their champions in Congress to craft a letter asking CMS to permanently change its payment policy on accessories for complex rehab manual wheelchairs, according to a recent article from HME News. HME News Business Summit 2020 thumbnail HME News Business Summit 2020 Join us as we talk with Liz Beaulieu, Editor of HME News, about the upcoming virtual HME News Business Summit. DMEPOS Warriors: Brooke Strachan, Owner of The Boob Shop thumbnail DMEPOS Warriors: Brooke Strachan, Owner of The Boob Shop When hard times come, it's not always easy to think on the bright side. For Brooke Strachan, finding the positives in any situation is her philosophy, and this state of mind is what led to her owning her own business. More Details on Medicare Audits Beginning August 3 thumbnail More Details on Medicare Audits Beginning August 3 In recent meetings with CMS, The van Halem Group has learned that while the date to begin medical review functions is August 3rd, there will likely be a delayed time frame before audit requests officially go out. CMS is currently working to develop instructions for contractors and intends to take a "toe in the water” approach, as opposed to opening up a flood gate of audits. HME News: Challenging Fall Awaits Complex Rehab Providers thumbnail HME News: Challenging Fall Awaits Complex Rehab Providers Don Clayback, executive director of NCART, stated that complex rehab providers could see a downturn in revenues in late summer, early fall. 2020 HME Woman of the Year Nominations Open Through August 14 thumbnail 2020 HME Woman of the Year Nominations Open Through August 14 Now in its fifth year, the award, sponsored by VGM, recognizes one woman in the industry who has made increasingly significant contributions throughout her career to her company, community, and the home medical equipment industry. VGM's Mike Mallaro on How to Get to the Other Side thumbnail VGM's Mike Mallaro on How to Get to the Other Side The COVID-19 pandemic has broken the mold for how the HME industry has always done business, but that can create opportunity—if providers are open to it, says VGM CEO Mike Mallaro.