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.
HIPAA stands for the Health Insurance Portability and Accountability Act. It is a federal law enacted in 1996 as an attempt at incremental healthcare reform. It was subsequently revised in 2009 with the ARRA/HITECH Act and again in 2013 with the Omnibus Rule. HIPAA's intent is to reform the healthcare industry by reducing costs, simplifying administrative processes and burdens, and improving the privacy and security of patients' information.