What is Health Insurance Portability and Accountability Act (HIPAA)?
Health Insurance Portability and Accountability Act (HIPAA) Definition
The Health Insurance Portability and Accountability Act (HIPAA) is a federal statute enacted in the United States in 1996. The primary objectives are to safeguard individuals’ sensitive health information, enhance the efficiency of the healthcare system, and guarantee the continuity of health insurance coverage throughout employment transitions or job loss.
HIPAA comprises two primary components: the Portability component, which facilitates the retention of health insurance coverage for employees, and the Accountability component, which establishes national standards for safeguarding personal health information (PHI). It mandates healthcare providers, insurance companies, and associated entities to maintain the confidentiality and security of patients’ health information. It also grants patients the right to their health information, including the ability to access and request amendments to their records.
In summary, HIPAA safeguards your confidential health information and guarantees careful management.
