Medac, Inc., a Medical Business Management Services provider, today announced the company has successfully completed a Service Organization Control 2 (SOC 2) Type 2 certification under AT Section 101.
Medac also has successfully completed a third-party assessment of its controls and procedures required by the Health Insurance Portability and Accountability Act. The HIPAA Security Rule is a United States federal regulatory requirement specifying a series of administrative, physical, and technical safeguards for assuring the confidentiality, integrity, and availability of certain healthcare data.
The demanding third-party examinations that led to the achievements was administered by the professional IT assurance and compliance staff at 360 Advanced, a respected national Qualified Security Assessor, HITRUST CSF Assessor and Certified Public Accountant firm based in St. Petersburg, FL.
Completion of the SOC 2 Type 2 examination is widely recognized as proof that a service organization has been through an evaluation of their control activities as they relate to the applicable Trust Services Principles and Criteria.
The SOC 2 Type 2, developed by the American Institute of Certified Public Accountants (AICPA), is the most widely recognized authoritative guidance that provides service organizations a uniform method for disclosing independently assessed information about the design and operation of internal controls related to their services.
Companies completing an annual SOC 2 examination are able to demonstrate a substantially higher level of assurance and operationally visibility than those companies who do not.
“The SOC 2 Type 2 process is an extensive effort towards security and proper controls and ensures that Medac is cyber secure,” said Bellinger Moody, Medac’s President. “It provides an outside validation for our clients, vendors, and board of directors that we are committed to excellence as we continue to grow.”
The Service Auditors’ Report includes a detailed description of Medac, Inc.’s controls and an independent assessment of whether the controls are placed in operation and suitably designed. For any further questions, please contact Sam Bruce, CISM, PMP, CSM, CSSGB, at Medac.
About Medac, INC.
Medac is an anesthesia practice management and medical billing company with over 500 employees operating from 83 locations in the United States. Medac uses proprietary and third-party licensed technology to process government, patient and insurance reimbursement to anesthesia groups to improve financial performance and reduce compliance risk.