SOC 2 Report Medical Billing Companies | SOC 2 Reports Cincinnati

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Cincinnati and Ohio medical billing and healthcare companies need to ensure that sensitive patient data is properly protected against cyber-attacks. The healthcare industry is an attractive target for bad actors because of the large volume of patient and personally identifiable information (PII) collected, stored, and regularly updated. In fact, American Medical Collection Agency, a medical billing service, was recently hit by a cybersecurity attack that cost $21M in financial damages and lost business. Given the potential exposure, it is imperative for medical billing companies to regularly undergo a System and Organization Control (SOC) 2 report to demonstrate the effectiveness and reliability of data protection measures.

SOC 2 Report Benefits

A SOC 2 report provides important benefits to medical billing companies and the hospitals, clinics, and other healthcare organizations served. For the company, it limits the potential for breach events, litigation, and other undesirable outcomes. It helps to demonstrate compliance with industry-standard risk and security models and can help to accelerate the sales process. For healthcare organizations, a SOC 2 report can help to validate controls, scale vendor risk programs, and permit optimal supply chain decisions to be made.

Cincinnati SOC Insights

Cincinnati (OH) SOC Audits

Barnes Dennig offers several SOC Audit services including:

  • SOC 1 Audits – The reports assure your clients that internal controls are secure. These audits focus on your organization’s business processes and IT controls. Any that are likely to be relevant to an audit of your customers’ financial statements are documented in the report. There are two types of SOC reports: Type 1 reports test the design of your organization’s controls. Type 2 reports test whether your controls are properly designed and implemented.
  • SOC 2 Audits – These reports concentrate on five Trust Services Principles: security, availability, processing integrity, confidentiality, and privacy. SOC 2’s requirements allow data providers to decide how they want to meet the criteria. This flexibility means SOC 2 reports are unique to each company.
  • SOC 3 Audits – Similar to SOC 2 reports in that they examine the same five Trust Services Principles, the results of the audit are publicly available.
  • SOC Readiness Assessments – These assessments provide an overview of your organization’s preparedness for a successful SOC 1, 2, 3, or Cybersecurity audit.

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Serving Client Remotely

Barnes Dennig works with medical billing companies in Cincinnati and across Ohio., providing SOC 1 reports, SOC 2 reports, and SOC 3 reports.

About Cincinnati (OH)

Cincinnati is known for its history as a center for commerce and industry, as well as for its architecture and cultural attractions. The city is home to several Fortune 500 companies and is a major hub for transportation and logistics. Cincinnati is also known for its historic architecture, including the Over-the-Rhine neighborhood, which is home to one of the largest historic districts in the country. The city experiences a humid subtropical climate, with hot, humid summers and cold winters. The city is served by Cincinnati/Northern Kentucky International Airport, which is located approximately 10 miles south of downtown.

Contact Our Cincinnati SOC Auditors

Barnes Dennig provides SOC 1, SOC 2, and SOC 3 audits and readiness assessments to medical billing companies in Cincinnati, and across Ohio.  If you are interested in learning how we can assist your organization, complete the form below, or call us at 800-430-4731 for additional assistance.

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