From 2022 to 2027, the healthcare compliance, security, and privacy market will grow 12.5% to $24.9 billion. EHR adoption, cybersecurity concerns, and regulatory scrutiny are driving this growth.
HIPAA, HITECH, and the CISA Cybersecurity Framework are the most recent US regulations affecting healthcare compliance, security, and privacy.
Lack of qualified staff and high costs of compliance solutions pose significant procurement hurdles in the healthcare compliance, security, and privacy market.
In this market, contracts should enlist providers with a track record of compliance and a robust change management process for program updates.