HIPAA & SOC 2 Compliance

February 1, 2021

Is your company a B2B, SaaS, or PaaS provider processing or storing personal or confidential info? Do you work in or with the healthcare industry?

If you answered yes to these questions, your company will benefit from building a holistic security program that positions you to both demonstrate your compliance with HIPAA — and prove your security through SOC 2 certification.

Who needs to be in compliance with HIPAA?

For companies working in healthcare, HIPAA compliance is the cornerstone of a strong security posture. The high-level goal of HIPAA is to keep patients’ protected health information (PHI) — i.e. any individually identifiable health information — safe and secure, whether it exists in a physical or electronic form. By managing and monitoring your organization’s ongoing compliance with the HIPAA rules, you will be poised to identify any potential data security risks or threats and to mitigate those risks before they turn into larger and much costlier problems.

Who needs to be SOC 2 certified?

If your company gathers or stores customer data at any scale, security should be top-of-mind for your company, as it is for your customers. A SOC 2 report is often the primary document that security departments rely upon to assess a vendor’s security risk. The SOC standard is a well-known U.S. security standard, and SOC reports are now a common part of doing business.

Where do HIPAA compliance and SOC 2 certification meet?

If your company’s work intersects with healthcare, both HIPAA compliance and SOC 2 certification may be on your mind. While HIPAA does not specify a single standard by which covered entities or business associates must certify their compliance, such organizations are responsible for proving in an ongoing way that they are abiding by the rules of HIPAA. As you shape your company’s HIPAA compliance program and prepare for your audit, you may find that you’re also on the road to satisfying the requirements of SOC 2 certification

In order for your company to meet its security goals and to achieve successful compliance audits, you’ll need to put in place policies, procedures, and systems to monitor and mitigate risk across your company. This process applies to both HIPAA and SOC 2 audit preparation. By taking a proactive approach to monitoring security, your company can develop policies and procedures that will grow with you as your company grows. Integrating compliance software like Vanta into your security program can help position your company to prove its compliance with a number of different regulations and security frameworks.

While HIPAA compliance and SOC 2 certification are not the same thing, Vanta’s automated security and compliance software supports your company in building a strong security program that will enable you to prove compliance and prepare for audits on both fronts.

Vanta is “security in a box” for technology companies, trusted by hundreds for automated security and compliance, starting with SOC 2. Our cloud-based technology identifies security flaws and privacy gaps in a company’s security posture, providing a comprehensive view across cloud infrastructure, endpoints, corporate procedures, enterprise risk, and employee accounts. Vanta includes HIPAA compliance support, and we offer guidance, information, policy templates, tracking features, and more to help your company prepare for its HIPAA audit fieldwork.

Get audit-ready, fast with Vanta’s continuous monitoring software and our suite of tools that streamline the non-technical components of security tracking. With Vanta, gathering, maintaining, and consolidating audit evidence is easier for both your company and your auditor. Learn more about how Vanta can help your company prepare for its SOC 2 and HIPAA audits.

“Vanta's expert team helped analyze our compliance requirements and shared what was needed to complete a SAQ-D. Because of this, we accelerated our timelines, saved hundreds of hours and thousands of dollars in costs.”

Klas Hesselman
Co-founder  |  Flow Networks
Vanta automates security compliance.
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