Health Insurance Portability and Accountability Act (HIPAA)
The Health Insurance Portability and Accountability Act (HIPAA) was enacted by the U.S. Congress in 1996. According to the Centers for Medicare and Medicaid Services' (CMS) website, Title I of HIPAA protects health insurance coverage for workers and their families when they change or lose their jobs. Title II of HIPAA, the Administrative Simplification (AS) provisions, requires the establishment of national standards for electronic health care transactions and national identifiers for providers, health insurance plans, and employers. The AS provisions also address the security and privacy of health data. The standards are meant to improve the efficiency and effectiveness of the nation's health care system by encouraging the widespread use of electronic data interchange in the US health care system.
Find out how the CollectOne software suite can ensure that your organization is in full compliance with HIPAA regulations.
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Healthcare Collections
Healthcare collections relates to outstanding medical bills where a healthcare organization may seek payment from an insurance company, the government or the patient. A growing number of healthcare organizations are collecting accounts in-house to increase cash collections and decrease bad debt write-offs.
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Home Ownership and Equity Protection Act
This law addresses certain deceptive and unfair practices in home equity lending. It amends the Truth in Lending Act (TILA) and establishes requirements for certain loans with high rates and/or high fees.
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