Medical Record Destruction
The 2014 Fifth Annual Study on Medical Identity Theft (Feb. 2015) measures the prevalence, extent and impact of medical identity theft to consumers and the healthcare industry in the United States. The study was sponsored by the Medical Identity Fraud Alliance (MIFA) and conducted by the Ponemon Institute.
The incidence of medical identity theft continues to rise. This most recent report shows that it has nearly doubled since the first study five years ago. In 2014, there were almost 500,000 more victims than in 2013, an increase of 21.7%.
The out-of-pocket costs to victims have also grown, with twice as many victims experiencing financial costs to correct their medical identities and deal with the resulting problems. Sixty-five percent of the medical identity theft victims had to pay an average of $13,500 to resolve the crime.
Only 10% of the respondents report achieving a completely satisfactory conclusion of the incident. And victims continue to experience serious risks related to their healthcare as a result of being victimized, such as misdiagnosis, mistreatment and delayed healthcare.
HITECH has changed HIPAA – Are you compliant?
Health care organizations are legally required to handle patient medical records and documents known as “Protected Health Information (PHI)”, with the highest regard for patient privacy. The Health Insurance Portability and Accountability Act (HIPAA) and the revisions pending under the American Recovery and Reinvestment Act (“ARRA”), which included the Health Information Technology for Economic and Clinical Health Act (“HITECH”) – requires that this protected medical information be properly destroyed prior to disposal. Find more information on the revised HIPAA/HITECH requirements at www.properphidisposal.net.
Changes to HIPAA, through HITECH, put more emphasis on the need for Covered Entities, including hospitals, doctors’ offices and medical clinics, to train their employees on the proper disposal of PHI. Failures to provide such training could be considered willful neglect and result in the highest level of mandatory fines. The Act has also designated document destruction companies as Business Associates, requiring a service agreement and a Business Associates Agreement between the service provider and the covered entity.
TITAN’s Medical Records Destruction Program Reduces Risk and Saves Time & Money TITAN’s NAID AAA Certified program ensures your medical records are destroyed properly and professionally before they leave your property – helping to ensure the privacy of your patients and significantly reducing risk. TITAN is experienced in the careful and efficient destruction of health care records, including incidental paper, charts and electronic media – while reducing internal labor, equipment, maintenance and disposal costs of shredding it yourself. As the area’s first NAID AAA Certified Mobile Document Destruction Company, TITAN is the best choice when selecting a qualified, experienced shredding company to handle the destruction of medical records, including hard drives.
TITAN provides medical record shredding and on-site destruction services for:
- Surgery Centers
- Nursing Homes
- Multi-level senior care centers
- Psychiatrists & Psychotherapists
- All other types of and health care centers
Call TITAN to discuss your medical shredding needs, and feel confident knowing that your confidential records will be 100% shredded and recycled.