Why don't we see droves of frantic people hording medical supplies, patient records, prescriptions, and tongue depressors? Because for the average person, the upcoming first round of HIPAA compliance doesn't spell worldwide collapse. Instead, it's the health insurers, payers, and providers shivering in the corner, flashlight in one hand, gap analysis in the other.
HIPAA is a major issue for the health industry; with fewer than 14 months until the enforcement of standards for transactions and code sets, the deadline could spell doomsday for companies not well into updating their practices, procedures, and technologies. And more waves of standards are coming-at least seven-over the next two years, each allowing a scant 24 months for implementation.
Your tax dollars at work.
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