Venmo doesn’t enable HIPAA compliance because it doesn’t offer a Business Associate Agreement (BAA).
Venmo does not currently state that it meets HIPAA requirements and doesn’t provide HIPAA protection for sensitive patient health information. Since the platform is typically used by individuals to send money to one another, it may not fit all the PHI-related requirements of healthcare organizations.
There are several payment gateways that seem to enable HIPAA compliance, but Venmo, despite being a great payment method for many, is not the best fit for medical institutions to protect PHI.
