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HIPAA stands for Health Insurance Portability and Accountability Act. A HIPAA release and authorization permits individuals to allow healthcare providers to share their protected health information (PHI) with third parties under federal privacy rules. Generally, healthcare providers cannot disclose PHI without authorization, which safeguards an individual's health status and healthcare-related payment information. An authorization must detail the purpose for information use, a description of the PHI being disclosed, and identify the authorized person to make the disclosure, as well as the recipient of the information.