- HIPAA + Local Privacy Laws: In addition to HIPAA, vendors in New York must also understand a complex and rigorous set of local privacy laws and regulations that must be addressed from the ground up.
- A Leading Healthtech Ecosystem: New York is home to a world-class healthcare innovation ecosystem. The patients and providers within it expect world-class, privacy-forward software the moment it’s released.
- Serious Penalties for Non-Compliance: HIPAA violations can result in civil penalties up to $1.5 million per year, but that’s not all. There are also local legal implications for not properly protecting patients’ data.
- Audit-Ready Software Is Essential: Hospitals, insurers, and investors are looking for healthcare technology vendors that have HIPAA-compliant, audit-ready software. They expect it from vendors in New York and everywhere.
