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HIPAA stands for Health Insurance Portability and Accountability Act of 1996. It allows individuals to authorize healthcare providers to release their protected health information (PHI) to third parties under privacy rules. Generally, healthcare providers cannot disclose PHI to anyone other than the patient or their agent without authorization. HIPAA safeguards an individual's physical or mental health conditions and related healthcare payments. An authorization must specify the purpose for the information's use or disclosure, describe the PHI involved, and identify the authorized individual and the recipient of the information.