HITRUST Certification Cost
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HITRUST Gap Assessment
HITRUST Certification
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- In-depth understanding of ISO 27001 compliance
- Personalized next steps checklist
- Cutting-edge compliance management platform
- Save time with automated control activities
- Detailed statement of work
What does a HITRUST Assessment cost?
HITRUST Readiness Assessment
Initial assessment to determine the scope and identify gaps
HITRUST Remediation
Technology, procedures, and resources to meet the requirements
HUTRUST Audit & Report
This includes the cost of the assessment and additional fees payable to HITRUST
The cost of a HITRUST Assessment depends on the scope of your environment, size of your organization, number of locations, complexity of your systems, and maturity of your controls. The cost for a HITRUST Gap Assessment ranges from $20,000 to $40,000. The cost of the a HITRUST Assessment ranges from $30,000 to $100,000 for a large organization. These costs exclude licensing and software fees payable to HITRUST which range from $2,500 to $10,000 per annum.
Why HITRUST Certification costs more than other Security Assessments
How much your organization will pay for HITRUST certification will depend on its size, the scope of the assessment and its systems, and how prepared it is to undergo the process. The certification price can range anywhere from approximately $50,000 to $200,000, not including recertification costs. Although it may be hard to believe, HITRUST certification is worth the financial outlay.
For one thing, you get a lot in the HITRUST package. It includes:
- Access to the MyCSF® portal
- Conducting and scoring a readiness assessment
- Performing a gap analysis
- Giving and scoring a validated assessment
The indirect costs you incur will stem from employee time, data updating, initial configuration, developing plans for correcting and remediating weaknesses, help in submitting documentation, and other miscellaneous services provided by the TrustNet HITRUST assessor.
Ultimately, HITRUST certification is more expensive because it is comprehensive, involving hundreds of controls and other evaluative measures.
Why HITRUST Matters
The HITRUST organization, founded in 2007, has developed a security and privacy program meant to assist organizations in managing data and compliance and assessing risk. To that end, it adopted the HITRUST CSF, a framework that organizations can certify against to demonstrate their compliance. This framework is particularly unique because it enables companies to comply with more than one regulatory requirement simply by completing a single assessment.
HITRUST is important because completing it assists you in reducing your chances of being a victim of a data breach. It provides you with a way to assess and manage risk and demonstrates to stakeholders that your company considers security to be of the greatest importance.
The HITRUST framework is comprehensive, measuring virtually every part of your company’s security ecosystem. You complete it every other year, conducting an interim checkup on a randomized selection of controls on the alternate year. Any company that handles sensitive data would be wise to obtain HITRUST CSF certification as it is increasingly becoming a requirement across many industries.