Projecting the budget impacts of HIPAA.
Dan Coate, Keith MacDonald
Abstract
Dan Coate, Keith MacDonald
Abstract
Although the Health Insurance Portability and Accountability Act (HIPAA) of 1996 was meant to simplify and reduce the cost of delivering health care, the initial steps to comply with all areas of the law are projected to be very costly. Healthcare organizations should take the time to figure the cost of HIPAA compliance into their budgets to avoid costly surprises as compliance measures are implemented. There are several steps a healthcare finance manager can take to manage budget expectations for HIPAA compliance.
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Although the Health Insurance Portability and Accountability Act (HIPAA) of 1996 was meant to simplify and reduce the cost of delivering health care, the initial steps to comply with all areas of the law are projected to be very costly. Healthcare organizations should take the time to figure the cost of HIPAA compliance into their budgets to avoid costly surprises as compliance measures are implemented. There are several steps a healthcare finance manager can take to manage budget expectations for HIPAA compliance.
Key concepts: Health Insurance Portability and Accountability Act, Compliance (psychology), Business, Accountability, Health care, Protected health information, Accounting, Software portability