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.
When Congress passed HIPAA in 1996, the law required the Department of Health and Human Services to enact federal health privacy regulations, known as the Standards for Privacy of Individually Identifiable Health Information, or the privacy rule.