Handing over your IT to a MSP is a major decision. Who do you choose and more importantly, how? While there’s no rulebook that will tell you exactly how to proceed, here are a few hints that can help you decide how invested your prospective MSP is into you.
In many industries, there are seasonal spikes in business around specific times. For example, CPAs/Accounting firms, though busy all year, generally see a spike in business around the time of tax planning, IRS return filing, etc., the retail industry sees a boom around the Holiday Season, and so on. During such peak times, it is common practice in the industry to employ part-time staff to meet the immediate resource needs. While this works well in terms of costs and for handling additional work/client inflow, this poses a few challenges from the IT perspective. In this blog, we explore those challenges so you know what to watch out for before bringing part-time staff on board.
Does HIPAA regulation cover your business? There are two categories of entities who are regulated by HIPAA and are required to be in full compliance.
Covered Entity – This is the main focus of the original law. Covered entities are those who, in their normal activities, create, maintain, directly access and/or transmit PHI and ePHI. Examples of these entities are healthcare providers, clearinghouses, insurance plans, and employers who self-insure. [Note: In general a specific individual is not considered a covered entity. Their employer is the covered entity. Individuals, however, still have a duty to support and ensure compliance and would likely face disciplinary action by their employer for individual behaviors that compromise compliance. Their employer would be the target of OCR fines and penalties.
For most of us, HIPAA is just some strange acronym for a law we stumble across everytime we visit a doctor’s office or medical clinic. Something about signing to allow the office to have access to your medical records so they can treat you. Or something like that. However, if your business has a professional relationship with a medical office, hospital, healthcare provider or health insurance plan, you may well be regulated by HIPAA. This matters because failing to abide by HIPAA privacy regulations can result in serious penalties. Just as an example, check out these dollar figures from HHS, who administers HIPAA.
When we talk about the benefits of hiring a Managed Services Provider–an MSP for businesses, the kind of businesses we think about are retail, shops, restaurants, etc. We often tend to overlook the healthcare industry and particularly, dental practices, when, in fact, there’s a lot of value that an MSP can add to a dental practice. This blog discusses how a dentist’s office can benefit from hiring an MSP.
As a business, you are probably aware of the term, cyber insurance. With the cybercrime rates rising consistently, cyber insurance is increasingly becoming a necessity for survival. Here are a few things to consider before you sign up with a cyber insurance service provider.
Cyber insurance covers a range of elements, the most basic being the legal expenses incurred as a result of falling victim to cybercrime. This includes legal fees, expenses, and even any fines that you may have to pay or financial settlements that have to make with your customers or third parties who have been affected as a result of the incident. Apart from this, depending on the coverage you opt for, your cyber insurance may cover the following.
What is cyber insurance
With cybercrime becoming a major threat to businesses across the world, irrespective of their size, cyber insurance is fast becoming a necessity more of a necessity than a choice. However, the concept of cyber insurance is still fairly new and not many SMBs are aware of its benefits. Cyber insurance is an insurance that covers your liability in the event of your business becoming a victim of cybercrime. For example, a data breach puts you at risk of lawsuits, makes you liable to your customers/other parties whose data has been compromised because of/via your organization. Cyber insurance covers the financial aspect of such liabilities, making it easier for you to deal with them.
There are many advantages to SaaS over the license model including stronger data security and better upgrade management. But one area that can be overlooked is the saving it labor and infrastructure that disappears with the SaaS model.
There are significant advantages to SaaS because it eliminates labor, hardware, infrastructure, and utility expenses.
Software-as-a-Service (SaaS) is the notion that instead of licensing the use of software, and essentially owning it, with all the accompanying requirement to support it on your own hardware, you subscribe to it while it operates on vendor supported hardware. Since SaaS replaces the traditional license model, we need to define the “license model.”
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