In 2022 healthcare institutions that were found non-compliant with HIPAA laws paid penalties averaging $98,000, with highest fine going as far as $6.8 million. In this analysis, we look at one key problem that is often a major source of nightmare for legal and compliance officers in the healthcare sector and with implications related to their IT and data-bearing device disposition function, known as ITAD. This analysis by Compliance Standards lists the areas that healthcare leaders need to be concerned with when retiring their tech assets, and shows how many healthcare institutions face major fines for non compliance. It also highlights where ITAD vendors need to focus to ensure regulatory compliance.
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