Health Insurance Portability and Accountability Act (HIPAA) is a legislation that gives provision on protecting the security and privacy of health information. To fulfill HIPAA legislation, the HIPAA security rules and HIPAA privacy rules were published. Privacy rules entail the standards for protecting certain individual health information, widely known as Protected Health Information (PHI).
As the health care industry rolls full steam ahead towards 2020, major stakeholders are beginning to take note of some of the challenges that the industry will be facing in this near future. However, we should take a moment to appreciate the fact that this segment of the U.S. economy is finally coming of age.