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.
But just as the industry got used to the regulations, HIPAA enforcement and compliance changed in a dramatic way after 2009. As part of the American Recovery and Reinvestment Act (ARRA), Congress passed in 2009 the Health Information Technology for Economic and Clinical Health Act (HITECH).