If you’ve recently been a patient or you’re a new employee working in the healthcare industry, you’ve probably heard the term HIPAA thrown around quite often. While many people will present it as a necessary document that commonly gets skimmed over, it is indeed one of the most important facets of our healthcare system today. Basically, HIPAA (Health Insurance Portability and Accountability Act) was developed in 1996 with the specific intention of protecting a patient’s health information. Below is a brief summary of the importance of HIPAA in our healthcare system.
Why Should a Patient’s Health Information be Private?
If you’ve ever suffered from any kind of chronic illness, you probably understand why you’d like your healthcare data to remain private. Unfortunately, we still live in a society where certain illnesses are stigmatized, especially when it comes to our sexual health or our mental health. Before HIPAA, exposure of a patient’s information could be detrimental to their social or professional lives. Employers could pass certain judgments on someone’s character based solely off of information regarding their physical or mental state. In order to protect a patient’s life, healthcare options, and privacy, HIPAA was initiated and still acts as a sense of security for so many patients today.
Why Someone Would Steal Personal Health Data
As you probably already know, there is a lot of money to be made in the healthcare industry. Whether it’s pharmaceutical companies, private companies, or the black market, if someone knows your healthcare background, you can become a target. This makes this type of data incredibly valuable to people who are trying to sell you illegitimate healthcare products and commit fraud. This is why those who work in the medical billing and coding services take HIPAA so seriously. They want to protect you and your information from getting into the wrong hands. Talk to Medical Billing Services LLC to learn more about the benefits of HIPAA.