ITS Alliances HIPAA Risk Analysis is a service that helps healthcare organizations conduct risk assessments to identify and mitigate security risks to electronic Protected Health Information (ePHI). The service follows a structured approach mandated by the HIPAA Security Rule (45 CFR § 164.308). The service includes identifying and documenting where ePHI is created, stored, processed, and transmitted across databases, cloud systems, and medical devices. It assesses threats and vulnerabilities including cyberattacks, human errors, unauthorized access, and system failures. The analysis evaluates security controls such as password strength, software currency, and data handling practices. Risk levels are determined by analyzing likelihood and potential impact on confidentiality, integrity, and availability of ePHI using a risk matrix to categorize risks as low, medium, or high. The service implements security measures including encryption, access controls, multi-factor authentication, and audit logs to address high-risk vulnerabilities while ensuring compliance with HIPAA Security Rule safeguards. A risk management plan is developed that defines responsibilities for implementing security measures and establishes policies for incident response and breach handling. The service includes regular risk assessments conducted annually or when significant system or policy changes occur, with continuous monitoring of security controls and employee training.