Protecting Personal Financial Information :: Health, CMR, HIPAA

The US financial celestial sphere sets guidelines by providing incentives for firms to protect their personal financial randomness. Some examples of privacy be . Californias Security Breach Notification typify, Childrens Online concealment Protection Act, Fair Credit Reporting Act, and Family Education Rights and Privacy Act (Johnston & Warkentin, 2008). These privacy policies help companies to protect human rights and finance of companies.One of strongest madcap factor of wellness give care enhancements are HIPAA regulation of 1996 (Frost & Sullivan, 2008).The wellness damages portability and accountability act of 1996 is passed by US congress to protect health information of perseverings. The aim of HIPAA regulation is protection and assurance of privacy of medical examination information. The law is set to protect any health related information of patients which is recorded or created by any health care supplier (Smith, 2000). Health care faced many challenges to protec t health information. The enlarge in number and cost of private health information, absence of alike standards for disclosures, patient access, control, and sharing information led HIPAA to pass law in 1996 (Kumar, Henseler, & Haukaas, 2009).HIPAAs goal was to control patient information disclosure, get more than patients access their records, secure selective information storage, and data transfer (Kumar, Henseler, & Haukaas, 2009). HIPAA also mandates intelligent activities and penalties for violation of rules .The law has three parts which are privacy information, proceeding rule, and security rule. Privacy rule indicates which information needs to be unploughed private, transactional rule implies data transform information, and security rule implies security for data transfer (Kumar, Hensele , & Haukaas).HIPAA regulations set rules for vendors to develop a tool or a product which can comply with security rules. With clear security regulations provided by HIPAA, vendors for EHR technology can provide a secure data exchange and compliant record systems. The vendors made all efforts to build a unspoilt and secure data storage product to comply with HIPAA (Miller & Sim, 2004).Health care top only 2 % of gross revenue in health care improvements where as banking spends around 10% of their gross revenue in their process improvements (Gupta & Murtaza, 2009). With new security rules health care needs to spend their revenue in reforming health care and introducing more techniques to improve patient care.HIPAA mandates several things like necessary information can be divided providers need to give all patient related info to patients and divulge it on behalf of patients (Gupta & Murtaza, 2009).