Many people do not realize that the Health Insurance Portabi

Many people do not realize that the Health Insurance Portability and Accountability Act (HIPAA) was put in place in August 1996. When put in context, that was not that long ago. what are your thoughts on the effects of HIPAA regulations?

https://www.hhs.gov/hipaa/for-professionals/privacy/laws-regulations/index.html

Solution

Below are the effects of HIPAA regulations -

1. HIPAA regulations have impacted multiple stakeholders which include providers, patients, insurance companies, staff and physicians, employers and employees of firms etc.

2. HIPAA ensures privacy and security of patient health information while ensuring smooth flow of the information for providing quality healthcare. It regulates the information based on how much is required, who require and what is the purpose.

3. It ensures decreasing the instances of fradulent activities through misuse of health information and incorrect billing practices.

4. Organizations can avoid hefty audit fines by complying to the HIPAA regulations.

5. The regulations also set the platform for healthcare reforms thus improving the quality of care while reducing costs.