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Abstract
HIPAA, the Health Insurance Portability and Accountability
Act, enacted in 1996 is intended to provide continuity
of healthcare insurance coverage. These standards are
designed to improve the efficiency and effectiveness
of the healthcare system by standardizing the interchange
of electronic data for specified administrative and
financial transactions, and Protect the security and
confidentiality of electronic health information. There
are legal, regulatory, process, security, and technology
aspects to each proposed rule that must be carefully
evaluated before an organization can begin its implementation
plan.
HIPAA compliance will have a major, ongoing impact
on healthcare business in several areas such as the
availability of significant recourses, retooling of
IT, as well as major operational and procedural changes.
Transactions will become more standardized, resulting
in eventual savings for electronic data interchange.
Security and privacy regulations will be the most difficult
and costly to implement and maintain because they are
broad in scope, less definitive, and require constant
vigilance for ongoing compliance. The paper further
elaborates on HIPAA transaction and HIPAA code standards
at great depth.
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