Transform Your Compliance with Expert HIPAA Risk Assessment
Cost Considerations and Potential Savings
While the cost of a HIPAA risk assessment can vary depending on the size and complexity of your organization, the investment is often outweighed by the potential savings from avoiding breaches. The average cost of a healthcare data breach was estimated at $9.42 million in 20212, making proactive risk management a financially sound decision. Many assessment providers offer scalable solutions to fit different budgets, and some even provide discounts for multi-year engagements or bundled services.