2004 marked the first full year the Office for Civil Rights released data for HIPAA Violations. Its data set included three categories- No Violation, Resolved After Intake and Review (No Fines), and Corrective Action Obtained (Fines). The focus of this post will be on the exponential growth of the Corrective Action Obtained category. From 2004-2013, the compounded annual growth rate of confirmed HIPAA Privacy Act violations was an astounding 12.88%.
When compared against almost any growth statistic during that timespan, there hasn’t been much that’s outpaced the explosive growth of HIPAA violations. In fact, we’ll compare it against three recent macro trends in America- domestic oil production, the disapproval rating of Congress and the Dow Jones Industrial Average.