Is HITRUST Compliance Worth the Cost?

Risk reduction and breach prevention
Revenue enablement and market access
Audit and compliance efficiency
HITRUST Certification is an important tool in the reduction of risks and breach prevention because the overall security posture is enhanced in an organisation. The price of a data breach in the U.S. also tends to be much higher than the investment in the HITRUST Compliance, since the HITRUST CSF focuses on preventing risk, rather than addressing it. Certification also aids in the enablement of revenue and market access, as a large number of enterprise customers, healthcare organizations, and entities adjacent to governments need HITRUST Compliance as a requirement. The certifications assist the organizations in gaining bigger contracts, reducing sales cycles, and increasing confidence in the deal. Also, HITRUST enhances efficiency in audit and compliance processes by reducing multi-regulatory requirements to one framework, thereby cutting on audit redundancy, decreasing the cost of compliance over the long term, and decreasing operational barriers.