2001/2 HIPAA Readiness Survey for Financial Institutions
* This item is included in MBProject Membership

Final Survey Report (view multimedia summary)

• Benchmarks for HIPAA compliance among financial institutions
  
  
• To what extent, and under what circumstances, do commercial banks and other financial services firms form a business association under HIPAA?
  
  
• When does a bank engage in services that are classified under HIPAA as a clearinghouse?
  
  
• Are banks implementing HIPAA-specific employee training programs? If so, how many banks have implemented training programs?
  
  
• Services that need to be brought into compliance that are provided by vendors.
  
  
• How do large banks compare in their view of HIPAA's impact and how do they view access, use or disclose of individually identifiable health information in the services they perform for healthcare clients?

The Survey was administered online from December 2001 to February 2002 and sent to 53 of the largest commercial banks and their service providers with 18 responding. Distilling the important issues with respect to HIPAA's impact on banks is no small task. There are a number of areas impacted and within these areas, the impact must be examined before a series of relevant questions can be constructed. We did not presume that banks are preparing for HIPAA, as its application on operations is a subject of ongoing discovery, and perhaps controversy, in the industry.

A follow-up survey conducted in 2002-2003 is included with the purchase of this survey.

Our Survey represents the first of its kind to measure HIPAA readiness by banks. It helps banks to compare their level of HIPAA readiness among peers. It also provides unique insight into corporate attitudes towards HIPAA among bankers. While we primarily focused on specific operational areas - treasury management/cash disbursement and lockbox processing - other areas were also assessed.

While preliminary results were broadcast in our Roundtable forums and on our website, the Final Report, with a full analysis, inclusive of all the survey questions has not been made available until this time. Orders are being processed today. Your order can be sent via PDF or hard copy at no additional charge.

Industry analysis is also provided that covers the development of the "HIPAA issue" in banking, legal commentary on impacted areas, a summary of key findings including the potential for political action by some banks, and a detailed analysis of specialization of the lockbox area for healthcare customers. With a complete reproduction of the Survey provided in the Appendix, the 2001/2 HIPAA Readiness Survey For Financial Institutions is a valuable addition to the library of medical banking stakeholders.

Members:   Members of the Medical Banking Project receive a free copy.  If you are interested in becoming a member click here for membership information and costs.