If you're not taking proactive steps to keep your company's data safe from hackers and other unauthorized users, you should be. High-profile data breaches have become so common, that for most of us, attacks are inevitable. Whether we survive them or not has a lot to do with the daily decisions we make to protect our information, both personal and business-related.
Upgrading your multifunction printers, copiers, and scanners is a good step toward HIPAA compliance, but keep in mind that it's only a first step. Printing, storing, and document scanning security is up to you, and successful compliance has as much to do with your procedures and policies as your devices.