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Furthermore, the law defends businesses from unfair allegations by legalizing practices. The patient should have the right to determine who can view and review their records. The law protects patients by maintaining the confidentiality of their medical records. Deliberately designed to protect patient information privacy, the law mandates that all PHI (Protected Health Information) only be available to those who have been authorized to see it.
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HIPAA stands for Health Insurance Portability and Accountability Act, was enacted in 1996. Understanding the HIPAA law on data collection will save you from violating these requirements. With this vulnerability, HIPAA was created. Around 268,189,693 healthcare records have been at stake when data was mishandled. Healthcare is the fastest-growing sector and one of the most vulnerable to data privacy violations.
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Understanding HIPAA compliance is the first step you need if you collect personal identifiable information (PII).ĭata privacy standards have become even more strict than before, requiring careful compliance to avoid fines and penalties. Unfavorable blows like these might cause your business to end. If you do not, you may wind up with hefty penalties. Don’t risk paying $50,000 for a single business violation!īusiness owners must be aware of all the regulations that affect their business.