Which statement is true regarding the safety of storing member PHI?

The correct statement regarding the safety of storing member Protected Health Information (PHI) is that it must be encrypted if stored electronically. This is a crucial requirement to protect sensitive health data from unauthorized access and breaches. Encryption serves as a safeguard, rendering the data unreadable to anyone who does not possess the appropriate decryption key. This is particularly important in the context of electronic storage, where the risks of cyberattacks and data theft are significant.

Other methods of data security may involve access controls and physical security measures for printed documents, but encryption specifically addresses the vulnerabilities associated with electronic storage. By ensuring that electronic PHI is encrypted, organizations comply with regulations such as the Health Insurance Portability and Accountability Act (HIPAA), which mandates the protection of patient information.

The notion that PHI can be stored without restrictions is incorrect because it disregards the legal and ethical obligations to protect personal health information. Storing on paper alone does not encompass modern data storage practices, nor does it address the necessity of security measures needed for electronic data. Furthermore, while sharing among physicians is permissible within certain contexts, it does not restrict the storage or handling practices required for PHI. Thus, the emphasis on encrypting electronic stored PHI remains vital for safeguarding member information.