Compare And Contrast Gramm-Bliley And Sarbanes-Oxley
The Sarbanes-Oxley (SOX), Health Insurance Portability and Accountability Act (HIPAA) and Gramm-Leach-Bliley (GLBA) acts all revolve around safeguarding or guaranteeing that information is truthful. While each act is protecting data in separate fields there are some very clear similarities. SOX requires companies to provide accurate accounting and requires a framework that can generate financial reports that are readily verifiable with traceable source data. There are three key provisions. Section 302 makes officers responsible for the accuracy of financial statements and the strength of their procedures for financial accounting. Section 401 requires liabilities, obligations etc to be included in these financial reports. Lastly Section 404
The Pros And Cons Of Robber Barons
638 Words | 3 PagesAfter the Civil War, Americans converged to build a nation with optimism. This saw a new wave of industrialism steered by a few entrepreneurs who set up firms to amass wealth and create employment to Americans. The success of these industrialists led historians and other scholars to refer to them as captains of industry or robber barons. By referring to them as captains of industry, historians implied that they applied their ingenuity and inventiveness to transform the economy, and impact the lives of the people through philanthropy. They were also castigated for exploiting the American workers through poor working conditions and low wages for their own selfish gain.
HIPAA: Mandatory In Healthcare Organizations
50 Words | 1 PagesSince HIPAA become mandatory on most of the health care organization, patient information is more secure compared to previous. Health care organization are investing huge amount of fund for safety measures to protect the patient information and i think this is the main concern in today's advanced health care
HIPAA Summary And Analysis
417 Words | 2 PagesHIPAA is the acronym for the Health Insurance Portability and Accountability Act that was passed by Congress in 1996. the portion of HIPAA addressing the ability to retain health coverage is actually overseen by the California Department of Insurance and the California Department of Managed Health Care. The initial two titles of HIPPA are: Title I secures medical coverage scope for laborers and their families when they change or lose their employments. Second Title II known as the Administrative Simplification arrangements, requires the foundation of national measures for electronic human services exchanges and national identifiers for suppliers, medical coverage arrangements, and managers. HIPAA 's underlying object was to guarantee and enhance the coherence of medical coverage scope for laborers evolving employments.
Summary: HIPAA
368 Words | 2 PagesHIPAA Summary In 2009, the Congress created an act called Health Insurance Portability and Accountability Act (HIPAA). It is designed when people became concern about his or her personal information being stolen. With the media growing every day, it has become easier for people to hack into computer take identities and putting others at risk. The federal government made HIPAA way to reduce company’s downfalls and financial crisis due to theft.
HIPAA Compliance Summary
511 Words | 3 PagesThe first article was a summary of the HIPAA Privacy Rule. In the article, there was an introduction on what HIPAA meant and its importance. First off, HIPAA stands for the Health Insurance Portability and Accountability Act of 1996 and it is a disclosure of patient information so that it is protected from unknown individuals and to assure that health providers abide by the privacy rule. Some key facts about HIPAA were, who was covered, what information is protected, and administrative requirements. Noncompliance and criminal penalties were some of the critical issues found in the article.
Connecticut Board Of Nursing Does Not Have A Position Statement Regarding The Use Of Social Media
388 Words | 2 PagesIn 1996, The Health Insurance Portability and Accountability Act (HIPAA)
Examples Of The HIPAA Regulations
99 Words | 1 PagesThe ethical principles and theory above are examples of why the HIPAA regulations need to be amended to address the use of genetic information. If HIPAA regulations include the release of genetic information, the uniformed sister can be aware of her possible genetic mutation. However, with the current HIPAA policy Mrs. Smith’s genetic information can only be released with her consent. HIPAA 's current policy does not seem fair regarding the uninformed sister’s circumstances. Nurses and doctors are expected to care for their patients to the best of their ability, but with the current HIPAA policies their duties are
How HIPAA And Health Information Technology Impacts Health Finance
1161 Words | 5 PagesThe focus of this paper will be geared toward the impact that the Health Insurance Portability and Accountability Act of 1996 (HIPAA) and Health Information Technology have on the cost of health care. The regulations connected to HIPAA have an impact on cost through enforcement, noncompliance, and implementation. HIPAA is a vital tool in the protection of PHI of patients and the improvement of the Medicare and Medicaid programs (Cleverly). Trying to contribute to the improvement of Medicare alone can be a daunting and expensive task alone, but to add the addition of protecting the health records of millions of patients adds to the rising cost. Health Information Technology (HIT), aids in the enforcement of HIPAA and helps with billing patients accurately for services that they have received (Wizemann).
HIPAA Pros And Cons
211 Words | 1 PagesThe Health Insurance Portability and Accountability Act, or HIPAA, was passed by the U.S. Congress and signed by President Bill Clinton in the year 1996. As a broad Congressional attempt at healthcare reform HIPAA was first introduced into Congress as the Kennedy-Kassebaum Bill named after two of its leading sponsors. The law has several different purposes that mainly focus on the protection of the healthcare provider and their patient depending on the circumstances and situations that may typically occur in a medical environment. The act itself was passed with two main objectives.
Why HIPAA Is Important
318 Words | 2 PagesHIPAA is an acronym for the Health Insurance Portability and Accountability Act of 1996. It is the United States legislation that provides data privacy and security provisions for safeguarding medical information. Important things to know about HIPAA are the basics of it, the obligations of an organization under it, and key provisions of it. You must also be informed about healthcare professionals’ responsibilities under HIPAA and penalties for non-compliance.
HIPAA: Safeguarding Medical Information
475 Words | 2 PagesHIPAA is legislation that is mostly used in United States for the protection and privacy of the patient’s information. The medical information is protected by HIPAA whereby it ensures safe access to health and other personal information. HIPAA is therefore divided into five rules and regulations. There is private rule which ensures that all the information about individual’s health is highly protected. Private rule allows a good flow of health care information to ensure that an individual gets the best quality health care.
HIPAA Regulations
575 Words | 3 Pages(September 30, 2013) - The Department of Health and Human Services (HHS) published amended rules applicable to the Health Insurance Portability and Accountability Act (HIPAA) of 1996 in January 2013. As explained by the Secretary of HHS, healthcare has experienced significant changes since HIPAA was enacted in 1996. The implementation of electronic medical records is just one of those changes. The new HIPAA regulations are designed to provide patients with better privacy protection, and additional rights not included in the original HIPAA rules.
Patient Confidentiality
1406 Words | 6 PagesAs records were shared electronically rules were implemented for clinicians to follow known as The Health Insurance Portability and Accountability Act (HIPAA) of 1996 (Summary of the HIPAA Security Rule ,2013). These rules were implemented for clinicians to protect the
Analyzing The Goals Of HIPAA
51 Words | 1 PagesThe goals of HIPAA are to ensure medical coverage scope for workers and their families when they change or lose their employments and to secure wellbeing information trustworthiness, classification, and accessibility. The objectives are also to enhance our health care framework by making it more proficient, less difficult, and less
Managed Care Research Paper
1163 Words | 5 PagesThese laws directly govern payers or regulate the employers that contract with payers to administer their benefits plan and the health care providers that provide services to the organization. The federal requirements affect almost all aspects of managed care and payer operations including standards for how insurance coverage must be provided to individuals and employers, provisions affecting health benefits and group health plans, tax preferences for individual and group health coverage, and protections for health information. Many of the consumer protections already passed at the state level are now being debated at the federal level. Congress has shown its willingness to intervene in the area of quality health care by passing the Health Insurance Portability and Accountability Act of 1996 (HIPAA)
More about Compare And Contrast Gramm-Bliley And Sarbanes-Oxley
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