RiskWatch(R) Releases New Upgrade to HIPAA Final Security Rule Risk Analysis SoftwareHIPAA-WATCH Version 9.2 Includes New Project Plan and Streamlined Data Collection Guide ANNAPOLIS, Md., May 21, 2004 -- RiskWatch, Inc., the world's leading provider of risk analysis and security compliance software, announced the long-anticipated release of HIPAA-WATCH FOR SECURITY(TM) 9.2, the newest version of the company's widely used HIPAA risk analysis software for the healthcare industry. RiskWatch's HIPAA-WATCH FOR SECURITY is the most widely utilized risk analysis software, used by leading hospitals, health plans, academic medical centers, insurance companies and third-party healthcare providers. Upgrades and functions added to this new version include a complete risk analysis implementation plan and data collection guide for the HIPAA risk analysis. Additional new features include new data collection tools, a project plan in both MS Project and Excel, complete sample reports, and a full HIPAA security requirements library, plus a management guide, suggesting how to present the results of the risk analysis to management. RiskWatch's HIPAA-WATCH FOR SECURITY software provides a complete solution for healthcare organizations who are seeking a way to automate the risk analysis that can be used to baseline and benchmark security for protected health information, as HIPAA requires. The solution is perfect for other groups who must comply with HIPAA guidelines, including service providers, medical laboratories, pharmacies, and data warehousing and storage firms who must also meet the HIPAA security requirements. "After comparing other products in this space, we selected HIPAA-WATCH as our corporate HIPAA risk analysis tool. Following the training class, my Information Security Analysts were able to immediately develop a distributed analysis program and deploy it to three hospitals and 12 clinics. I would recommend RiskWatch to hospitals that wish to cut manpower costs, yet need to reach into the corners of their enterprise," said Dan Sedano, Manager of Information Security at Community Medical Centers, when asked why he selected HIPAA-WATCH for their organization to meet the HIPAA Final Security Rule. Community Medical Centers provide a full continuum of care, from preventive education and outpatient services to intensive hospital treatment, including 16 facilities with three acute-care hospitals, outpatient and ambulatory care facilities, rural clinics as well as long-term care facilities. "Despite the sheer breadth and complexity of the HIPAA Final Security Rule, RiskWatch's software actually makes the risk analysis process simple enough for any organization to perform," said Gary Swindon of Orlando Regional Healthcare Systems. "The newest HIPAA-WATCH FOR SECURITY walks users through the compliance analysis process in a systematic and easy-to-follow manner. Additionally, the RiskWatch team works closely with our customers to provide a human touch that even the best technology can't provide." HIPAA-WATCH FOR SECURITY guides the user through the entire security risk analysis process, including how to value information assets, how to identify relevant threats, and how to identify organizational vulnerabilities by measuring how users actually do their jobs and carry out their security responsibilities. As well as assisting in the management of the risk analysis, the software performs the analysis for you and writes the complete risk analysis report, including Return on Investment and Cost Benefit Analysis. The software also contains a full set of the actual CFR HIPAA requirements, so you can choose the areas you want to include in your analysis. It comprises both the addressable and required elements of the Final Security Rule, the Final Privacy Regulation, and an extensive summary of Best Practices that incorporate the leading federal information security best practices. About RiskWatch(R) RiskWatch provides security risk assessment and compliance software that automates the risk analysis and process, creating a holistic risk management program. As the leader in risk assessment software since 1993, RiskWatch products are available for information security & ISO 17799 standards, physical & homeland security, facilities security, maritime/seaport security, HIPAA, force protection, and supply chain security. RiskWatch software is used by organizations like the federal government, state and local government, the U.S. Department of Defense, the National Security Agency (NSA), and hospitals, academic medical centers, health plans, insurance companies, and thousands more. For additional information, visit the RiskWatch web site at http://www.riskwatch.com.
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CONTACT:
Caroline Hamilton Sandy Alan
410.224.4773, x105 410.975.9001
RiskWatch, Inc. Media Representative
chamilton@riskwatch.com sandy@cca-pr.com
SOURCE RiskWatch, Inc.
Web Site: http://www.riskwatch.com
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