Net income is what remains after subtracting all the costs (namely, business, depreciation, interest, and taxes) from a companyâs revenues. It is sometimes called the bottom line.
The Health Insurance Portability and Accountability Act (HIPAA) is a law that was passed in 1996, designed primarily to modernize the flow of health information. At the time, most medical records were in paper form, but it was becoming clear that health data would become digital in the future.
Page 3 Version 1.1 August 3, 2006. INTRODUCTION. In an effort to reduce the administrative costs of health care across the nation, the Health. Insurance Portability and Accountability Act (HIPAA) was passed in 1996. This legislation. requires that health insurance payers in the United States comply with the electronic data. interchange (EDI) standards for health care, established by the Secretary of Health and Human.