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.
Lets begin with the question What does HIPAA stand for? In full, HIPAA stands for the Health Insurance Portability and Accountability Act of 1996, or the HIPAA Act for short.The HIPAA Act was enacted August 21, 1996 by the 104th US Congress and signed by President Bill Clinton.he HIPAA Act is also known as the Kennedy Kassebaum Act since it was initially introduced in Congress as the Kennedy-Kassebaum Bill. Democratic Senator Edward Kennedy and republican Senator Nancy Kassebaum were two of the leading sponsors of the bipartisan bill.