Which item should be part of the legal framework analysis if a company wishes to store prescription drug records in a SaaS solution?

The selection of the Health Insurance Portability and Accountability Act (HIPAA) as part of the legal framework analysis for storing prescription drug records in a Software as a Service (SaaS) solution is essential due to the specific protections it provides for personal health information (PHI). HIPAA establishes national standards for the protection of medical records and other personal health information, including the requirements for privacy and security of electronic health records.

When a company is dealing with prescription drug records, it must ensure that it adheres to regulations regarding the confidentiality, integrity, and availability of sensitive health data. HIPAA outlines the responsibilities of healthcare providers, health plans, and any business associates handling health information, which includes SaaS providers when they manage such data on behalf of covered entities. Compliance with HIPAA involves implementing various safeguards to protect health information from unauthorized access and breaches.

In contrast, while the Sarbanes-Oxley Act relates to financial reporting and corporate governance, the Federal Information Security Modernization Act deals mainly with securing government information systems, and the U.S. Patriot Act primarily focuses on law enforcement and anti-terrorism measures. None of these acts directly addresses the specific requirements related to the protection and management of health information, making HIPAA the critical regulation