Health Insurance and Accountability Act

HIPAA (Health Insurance and Compensation Act) is designed to protect the privacy of medical records. It includes specific guidelines on how medical staff can handle and maintain patient's medical information. (Http://www.hhs.gov/ocr/privacy/hipaa/ Understanding / consumer / consumer_summary.pdf) Health providers must provide privacy statements to patients. "The HIPAA privacy regulation provides medical information protection to consumers within federal government owned by medical institutions" (http://www.hhs.gov/ocr/privacy/hipaa/ Understanding / index.html) .

The Act on Health Insurance Portability and Accountability (HIPAA) was enacted by the US Congress in 1996. The basic idea of ​​HIPAA is that individuals should be able to identify health information. One problem with HIPAA is that there must be a mechanism to identify the patient requesting access to your data. As a result, medical institutions are beginning to demand social security numbers for patients, so privacy can be reduced by simplifying the association of health records with other records. Under HIPAA, health care providers only need to care for when actually agreeing to the privacy standards, so there is a problem with the consent issue.

Law on Health Insurance Portability and Accountability (HIPAA) In 1996, the law on the portability and accountability of health insurance was enacted. The advent of HIPAA is to satisfy the necessity of establishing patient data transfer standards among health care providers. This includes medical information centers, medical plans, and healthcare providers who electronically implement specific financial and administrative transactions. Insurance providers, hospitals, and physicians use a variety of information systems to store and transmit patient information and have various forms, codes, and various billing forms that must be completed for each claim . HIPAA was enacted to streamline the billing process. This law also deals with privacy and security issues to protect patient data

The Health Insurance Portability and Accountability Act of 1996 (HIPAA) requires the adoption of domestic standards, providers of electronic medical transactions, health insurance plan, and employers' national identifiers. In addition, we seek medical providers, insurance providers, and employers to protect the security and privacy of medical data. Article 404 of the Corporate Reform Act of 2002 (SOX) requires listed companies to evaluate the effectiveness of internal control over financial reporting in the annual report at the end of each year. The CIO is responsible for managing and reporting the security, accuracy, and reliability of the financial data system. This bill also requires that listed companies collaborate with independent auditors who have to demonstrate and evaluate the effectiveness of the valuation.