Disaster recovery is rarely the top IT priority for small and mid-sized businesses (SMBs). In fact, for many of these companies it’s not even on the list at all. This is a grave mistake, because the consequences of a significant data loss are serious – so serious, in fact, that 60 percent of SMBs that suffer such a loss go out of business within six months.
Most companies don’t open their doors with the idea of building and overseeing an IT empire. Unfortunately, as computers become central to more and more business processes, that’s exactly what’s happening. This is true for companies of every size, from small engineering firms with a couple dozen employees to multinational corporations. Many are now looking for alternatives, and there are lots of choices. One of the best – particularly as a first step in getting free from the burden of IT management – is colocation.
Managed hosting makes good business sense. But if you're subject to HIPAA regulations, it's only cost effective if you find the right HIPAA hosting provider. A strong partner will save you money with an efficient, robust solution - but choosing the wrong provider can lead to hefty fines and irreparable damage to your reputation.
Regulated companies face an additional layer of IT complexity which itself requires specialized knowledge and dedicated staff to manage, in addition to the challenges of changing technology and increasingly sophisticated security threats that all companies face. Compliant HIPAA hosting offers the all of the benefits that many businesses are already recognizing in managed hosting solutions, with the additional robustness and expertise necessary to ensure full compliance with HIPAA requirements.
Small businesses have been hit with serious fines for HIPAA violations, and with the 2013 Omnibus rule raising the maximum penalty and expanding the definitions of what constitutes a breach, its more important than ever for covered entities of every size to make sure they have the right systems to stay compliant. Protecting electronic data can require substantial resources - to implement and maintain the system, and to make sure that it is fully compliant. Businesses of every size are recognizing the value of selecting a third party for managing their regulated information systems. Keep the points below in mind when considering a HIPAA hosting company.
Prospective customers often ask us "Who are your competitors?" It's a fair question and while there are a few pretenders in the validated cloud space, ByteGrid is head and shoulders above the rest. In 2009, we were first to market with our fully qualified GxP hosting solution, by 2010 we'd grown exponentially, proudly adding RuRo as our first 21 CFR Part 11 compliant SaaS partner. Since then, FDA regulated customers from across the Life Sciences sector have engaged ByteGrid as their GxP hosting provider. Our Quality Management System is aligned across the GXP spectrum over 50 SOP's, Policies and Forms working in harmony to ensure our cloud is validated and FDA compliant every hour of every day.