American Business Systems Collaborates with Abyde to Enhance HIPAA Compliance Solutions
In an effort to bolster compliance solutions for medical practices, American Business Systems (ABS) has announced a strategic partnership with Abyde, a leader in compliance technology. This collaboration focuses on delivering automated HIPAA and OSHA compliance solutions aimed specifically at private medical practices wanting to navigate the complexities of regulatory frameworks effectively.
Founded in Fort Worth, Texas, ABS has been a dominant force in the medical billing industry, assisting aspiring entrepreneurs in launching their own businesses. The partnership with Abyde represents a natural progression in their service offerings, providing clients not just medical billing solutions but also robust compliance resources to meet regulatory demands.
The core of the partnership is Abyde's cloud-based platform, which automates the management of HIPAA compliance. According to Adam Phillip, Chief Executive Officer of ABS, this technology will offer clients personalized guidance throughout compliance audits, as well as expert rapid response for incidents like data breaches or patient complaints. With private practices facing increasingly complex compliance landscapes, this integrated solution equips practitioners with necessary tools to ensure they maintain compliance effortlessly.
This partnership arrives at a pivotal time, as the U.S. Department of Health and Human Services’ Office for Civil Rights (OCR) has commenced another series of audits for HIPAA-regulated entities that will persist until the end of 2025. Audrey Fontes Rainer, OCR Director, emphasized the importance of these audits in improving health information protection measures.
Reflecting upon the previous audits from 2016-2017, significant compliance gaps were uncovered, revealing that a staggering 86% of Covered Entities (CEs) and 83% of Business Associates (BAs) failed risk analysis audits. Failing to comply not only risks patient data security but could also lead to extensive financial penalties. Paul Hales, a regulatory attorney, pointed out that 94% of CEs and 88% of BAs did not succeed in risk management audits. Against this backdrop, the ABS and Abyde collaboration is set to offer essential support for healthcare practices striving towards rigorous compliance.
With Abyde's compliance platform boasting a flawless track record—no practice using their service has ever faced penalties from an OCR HIPAA compliance audit—the partnership is poised to address one of the most pressing challenges in the healthcare sector. Organizations using the platform can expect a more streamlined approach to satisfying compliance requirements, ultimately allowing them to focus more on patient care rather than legal complexities.
Beginning January 2025, the new compliance package backed by this partnership will be available to ABS licensees’ private medical practices. This offering reflects a significant milestone in ABS's commitment to empowering healthcare providers with effective solutions that minimize compliance risks, enhance operational efficiency, and ultimately contribute to better patient outcomes.
For those interested in learning more about American Business Systems, further details can be accessed on their official website, www.absystems.com. As the healthcare landscape continually evolves with new regulations and expectations, the ABS and Abyde collaboration arrives as a timely and welcomed development, ensuring that medical practices are sufficiently equipped to meet the demands of compliance head-on.