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.
Health Insurance Portability & Accountability Act. The US Congress passed the Health Insurance Portability and Accountability Act (HIPAA), Public Law 104-191, in 1996. This law addresses a variety of issues related to health care. HIPAA required the US Department of Health and Human Services to adopt standards regarding the electronic exchange, privacy, and security of health information. Collectively, these three sets of regulations are known as the Administrative Simplification provisions of HIPAA.