ipl-logo

The Dodd-Frank Act

2268 Words10 Pages

1. Dodd-Frank Act: The Dodd-Frank Act which is known in full-form as Dodd-Frank Wall Street Reform and Consumer Protection Act is a type of United States federal law which will define regulation of the financial industry within the perimeter of the federal agencies. The legislation that was defined way back in July 2010, which can avoid the significant financial crisis by defining new financial regulatory methodology which can insist clarity and authorization while defining rules for protecting the financial data of several users. The Dodd-Frank Act is adopted by most of the investment banking organizations across the world. 2. Payment Card Industry Data Security Standard (PCI DSS): PCI standards talks about defining security guidelines and …show more content…

. 3. Health Insurance Portability and Accountability Act (HIPAA): HIPAA talks about the security policies/guidelines to be followed in order to protect the patient data against various security threats/breach in the organization. The Health Insurance Portability and Accountability Act (HIPAA) which was defined in way back in 1996 that was implemented by United States Congress and the bill was passed by president Bill Clinton in the year 1996. HIPAA was initially known as Kennedy-Kassebaum Act or it`s known as Kassebaum-Kennedy Act. HIPAA policy is divided into several titles. The title 1 of HIPAA will secure health insurance for various employees and their relevant families when the employees lose or change their specific jobs. The title II of HIPAA is also known as Administrative Simplification Specification (AS), which will require the standardization of various national standards for secured electronic healthcare data transactions and national identifiers for various providers, health insurance plans and organizations. The official HIPAA privacy rule was first published on April 14, 2003 that had one-year validity with certain schemes. …show more content…

Federal Information Security Management Act (FISMA): The Federal Information Security Management Act is the standard introduced in the year 2002 as United States federal law that was demonstrated in the year 2002 as the Title III of the E-Government Act of 2002. The FISMA standard was identified as one of the important standard of information security in order to maintain the economic and national security data confidential in United States. FISMA standard will prompt each federal agency to plan, create and deploy the specific global agency program that defines the information security standards for maintaining the confidentiality of information and information systems which will support wide range of different operations related to agencies. FISMA has brought a great change with several federal agencies to address the problems related to cyber security issues. FISMA act gives a great importance to risk based rules that helps in defining cost-effective security solutions to the organization. FISMA standard should be executed with the help of senior security officials, chief information security officers and security director who can help to conduct different annual reviews of the organization`s information security program and produce the report in front of management about its findings. The management will use this data in order to identify different security loopholes and apply the proper security measures in order to make the organization security compliant. It`s

Show More
Related

Explain How HIPAA Has Changed Healthcare Information

104 Words | 1 Pages

The electronic transactions that are covered by the rules are: Claims, Payment, Claim Status, Eligibility, Referral Certification and Coordination of Benefits. HIPAA may refer to code sets as medical codes or nonmedical codes. Typically maintained by professional organizations or other organizations.

Read More

The Immortal Life Of Henrietta Lacks By Rebecca Skloot

449 Words | 2 Pages

The federal Health Insurance Portability and Accountability Act also known as HIPAA has set a national standard for the handling of electronically stored medical records. Medical confidentiality protects conversations between a patient and his or her doctor from being used against the patient in court. It is a part of the rules of evidence in many common law jurisdictions. The penalties for violating HIPPA are based on the level of negligence and can range from $100 to $50,000 per violation or per record, with a maximum of $1.5 million per year. Violations can also carry criminal charges that can result in jail time.

Read More

HIPAA Regulations: Limiting Or Disclosing PHI?

706 Words | 3 Pages

HIPAA regulations state that when using or disclosing PHI (protected health information) or when requesting PHI from another covered entity (a doctor’s office, dental practice, etc), a covered entity must make reasonable efforts to limit PHI, to the minimum necessary, to accomplish the intended purpose of the use, disclosure or request. So how do we accomplish the goal of limiting our PHI access and requests to the minimum necessary level? We look at three basic areas: levels of access to PHI, requesting PHI, and sending PHI. Giving employees specific levels of access to PHI

Read More

HIPAA Privacy Rule: Role Of Keeping Patient Information

214 Words | 1 Pages

You are correct Vaschar, the HIPAA privacy rule does play a big part in the role of keeping patient information secure. In the instance when a patients information is given to a fellow medical provider for continuity of care to establish a consult appointment is not an issue, but should that patients medical records need to be released between the medical provider and the other provider of care a medical records release authorization should be signed by either the patient or the patients representative. In the case where a medical provider wishes to distribute a product for another company it can do so without any HIPAA violation just as long as it does not pass on any patient demographic or patient care information to the company. If

Read More

The Pros And Cons Of The Glass-Stegall Act

1076 Words | 5 Pages

The Glass-Stegall Act was meant to be a terminal solution to commercial bank failure as well as the Great Depression. It was instituted by Senator Carter Glass Carter who served as the Treasury and Secretary at the time and was backed by Bascom Steagall (CONGRESS.GOV). GSA was an essential move towards separation of investment and activities of commercial banks. The involvement of commercial banks in investments was deemed as the main reason leading to the financial crash since before the occurrence of the Great Depression; commercial banks took excessive risk with depositors. However, GSA caused many controversies; people considered it as an impediment to the formation of competing financial institutions in the US.

Read More

HIPAA: The Three Types Of Safeguards

374 Words | 2 Pages

Another rule that stems from HIPAA is the Security Rule. The Security Rule deals with the electronic protected health information, or the ePHI. Health care facilities must have three types of safeguards when using these electronic records. These three types include physical, technical, and administrative. Physical safeguards are rules that provide a safe environment to store medical records.

Read More

HIPPAA Case Study

86 Words | 1 Pages

Firstly, the Health Insurance Portability and accountability Act (HIPPAA) of 1996 was made up with five titles. The impact for HIPPA was to ensure coverage of health insurance after leaving an employer. Also, HIPPA provides standards for facilitating heath care related electronic transactions. Secondly, Medicare part D prescription drug benefit subsidizing drug benefits for Medicare beneficiaries was born out the Medicare Modernization act of 2003. President George W. Bush was the one who sign the legislation into law.

Read More

HIPAA Case Study Essay

1076 Words | 5 Pages

There have been many instances of unauthorized viewing of medical records. Unauthorized viewing of patient records is a violation HIPAA. The HIPAA Privacy Rule requires that “protected health information should not be used or disclosed when it is not necessary to satisfy a particular purpose or carry out a function” (Health and Human Services.gov). The case study in which Joe, a staff member accessed medical information after he was allowed access to the hospital to change lightbulbs and the case study in which the daughter of a nurse accessed medical information as a result of the mother leaving the computer unlocked and unattended, are HIPAA violations (i.e both people accessed the medical information illegally). Joe was tasked with changing a lightbulb, but was curious about a patient he knew on a personal level, his neighbor.

Read More

How To Compliance With HIPAA

525 Words | 3 Pages

If you work in healthcare, anywhere from a small medical office to a big hospital to an insurance company, you need to be in compliance with HIPAA. This is a long, complicated document and even big insurance companies struggle to keep the rules fresh in everyone 's mind and everyone on top of the most critical functions. Here are a few things to make sure you are doing right: 1) Make sure Protected Health Information (PHI) is not casually observable. This means turning papers face down on your desk, not leaving charts visible on office doors, and making sure your computer screen cannot be readily seen by other people. This includes not only patients but other staff.

Read More

Why HIPAA Is Important

318 Words | 2 Pages

HIPAA is an acronym for the Health Insurance Portability and Accountability Act of 1996. It is the United States legislation that provides data privacy and security provisions for safeguarding medical information. Important things to know about HIPAA are the basics of it, the obligations of an organization under it, and key provisions of it. You must also be informed about healthcare professionals’ responsibilities under HIPAA and penalties for non-compliance.

Read More

HIPAA: Safeguarding Medical Information

475 Words | 2 Pages

HIPAA is legislation that is mostly used in United States for the protection and privacy of the patient’s information. The medical information is protected by HIPAA whereby it ensures safe access to health and other personal information. HIPAA is therefore divided into five rules and regulations. There is private rule which ensures that all the information about individual’s health is highly protected. Private rule allows a good flow of health care information to ensure that an individual gets the best quality health care.

Read More

Analyzing The Goals Of HIPAA

51 Words | 1 Pages

The goals of HIPAA are to ensure medical coverage scope for workers and their families when they change or lose their employments and to secure wellbeing information trustworthiness, classification, and accessibility. The objectives are also to enhance our health care framework by making it more proficient, less difficult, and less

Read More

Patient Confidentiality

1406 Words | 6 Pages

As records were shared electronically rules were implemented for clinicians to follow known as The Health Insurance Portability and Accountability Act (HIPAA) of 1996 (Summary of the HIPAA Security Rule ,2013). These rules were implemented for clinicians to protect the

Read More

Arguments Against The HIPAA Rule

372 Words | 2 Pages

The HIPAA rule is built to protect and prevent disclosing individuals’, and consumers’ identifiable health care information unlawfully and without getting authority from the concern parties. If someone break the law, individuals are subject to civil penalties of $100 on each violation but the penalty can accumulates based on numbers of violations; the standard maximum limit of civil penalties is $25,000 each person, each year (HIPAA Privacy Rule – What Employers Need to Know, n. d.). As per stacking rules, if a person violated two HIPAA standards, the penalty can be $50,000; Similarly, the criminal penalties subject to maximum of $ 250,000 and ten years in prison can be imposed to those individuals and parties who disclosed protected information

Read More

Unit 5 Assignment 1: PCI DSS

604 Words | 3 Pages

FISMA makes sure that certain security standards and guidelines are followed; categorizing information and information systems by mission impact, minimum security requirements, selecting appropriate security controls, assessing security controls, determining security control effectiveness, security authorization, and monitoring the security controls and security authorization.

Read More

More about The Dodd-Frank Act

Related Topics

Open Document