Austin, TX, - Aug. 3, 2016 – Third Rock, provider of HIPAA Worry-Free Compliance™, announced CompassDB™ their compliance management platform. CompassDB™ is designed to significantly reduce the cost and burden of HIPAA compliance for all parties involved. Consulting firms who provide compliance services, and the clients, Covered Entities and Business Associates on which HIPAA regulations are focused, all will benefit.CompassDB™ is a cloud solution that provides safe, secure, web based services for healthcare Covered Entities and Business Associates to easily manage and maintain their compliance while building their HIPAA body of evidence. CompassDB™ guides subscribers through the entire compliance process including the risk assessment, risk management, corrective actions, reporting, and much more.
Third Rock licenses CompassDB™ to consultants, including compliance firms to significantly improve their efficiency and profit margins while increasing their customers’ satisfaction and compliance confidence. CompassDB™ can even be “white labeled” with the firms information, including the company logo. It allows consulting firms to support, manage and monitor their customers’ compliance efforts.
Risk assessments are performed on-line with the ability to add notes and attach supporting documents to each question. Consultant’s or clients can select the risk assessment questions that best meet their needs; the HHS OCR Tool set, Third Rock’s easier to understand set, or include the firm’s custom set. The questions are cross-referenced to HIPAA CFRs and NIST 800 specifications. The assessments are HHS OCR and NIST 800 compliant and meet the requirements for HIPAA, Meaningful Use, and MACRA. Assessments from multiple departments or locations are automatically rolled up into a final report without losing details at the lowest level. Consultants now have the ability to turn what was an annual transaction for a risk assessment into a multiyear contract with additional revenue capabilities provided through a variety of options in CompassDB™.
For clients, the Covered Entities and Business Associates, managing HIPAA compliance has never been easier. CompassDB™ is architected to support large complex multi-location organizations but designed with a simple user interface. Deficiencies discovered during a risk assessment are prioritized with proposed corrective actions and when remediated, immediately reflected in the Compliance Dashboard. Documents, notes and pictures are easily attached to support remediation efforts and are incorporated into the reports. Comprehensive reporting is provided online and in PDF for downloading, emailing and printing. Our customers have seen over 50% reduction in the time required to perform risk assessments and manage their overall compliance efforts.
A variety of additional CompassDB™ capabilities will be announced over the next few weeks and months. Signup for our newsletter to stay informed.
Third Rock's Worry-Free Compliance™ is a comprehensive HIPAA/HITECH Compliance solution enabling healthcare providers and business associates to better conform to HIPAA regulations and protect patient PHI.
Visit http://hipaa-quickcheck.com to see if your organization is compliant.
Protect your patients, protect your practice, protect yourself; contact Third Rock for CompassDB™ and Worry-Free Compliance™ at http://thirdrock.com or info@thirdrock.com.