Healthcare Management and Finance: HIPAA Guidelines and Penalties

Running head: HEALTHCARE MANAGEMENT AND FINANCE
HEALTHCARE MANAGEMENT AND FINANCE
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HEALTHCARE MANAGEMENT AND FINANCE
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Health Insurance Portability and Accountability Act (HIPAA) of 1996, aims to protect
health insurance coverage of the employees, workers and their families. It also prevents new
health plans to deny or refuse the coverage because of a pre-existing condition. HIPPA is aimed
at preventing frauds and abuse in the healthcare sector. Significant benefits have been brought to
the health care industry by HIPPA by establishing guidelines for pre-tax medical spending
accounts that changed health insurance laws and deductions for medical insurance (Edemekong
& Haydel, 2019). The paper focuses on HIPPA guidelines and the penalties that will be imposed
in case of any breach in the laws.
Benefits they have brought to the health industry:
 HIPPA Privacy Rule created national standards with the aim to prevent disclosure
of patient personal data providing the patients with more control on their health
information. Violation of these norms will have serious impact and impose
penalties ("HHS.gov", 2019).
 HIPPA has introduced many benefits for both the healthcare industry as well as
the patients. They helps in transition of paper records to electronic copies of
information. HIPPA helps to reorganize administrative functions in the healthcare
organizations and improve efficiency of the healthcare industry by ensuring a
secured protected health information sharing (Edemekong & Haydel, 2019).
Significant challenges they have presented:
 Notice contents for privacy practice
 Notice contents to individual pointing them out the breaches that has happened.
 Performing information security check and analysis.
 Executing and implementing information security management plans and strategies.