Maybe it's because so many companies have focused most of their attention on complying with Sarbanes-Oxley this past year, but a significant portion of health insurers and health care providers will not meet the security requirements of the Health Insurance Portability and Accountability Act (HIPAA) by the April 20 deadline.Only 30% of payers and 18% of providers said they were already compliant with the HIPAA security regulations in a survey released in February by Phoenix Health Systems, a Montgomery Village, Md.-based consulting firm to hospitals.
What's more, the number of organizations that expected to be fully compliant by the deadline actually declined since the last survey. Only 74% of providers (down from 87% in a summer 2004 survey) and 80% of payers (down from 91% in the summer survey) indicated they will be compliant on or before this month's deadline.
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