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Does your team need to utilize HIPAA protected information? If part of your duties includes processing or handling any sensitive patient data, you may be unknowingly misusing HIPAA protected information for which the penalties can be severe. In this episode of Business Solutions Academy, were going to give you the gist of HIPAA and review violation penalties. What is HIPAA? HIPAA stands for the Health Insurance Portability and Accountability Act of 1996. This act aims to limit access to protected health information, also known as PHI from misuse. There are 18 categories of PHI in total, ranging from names and email addresses to fax numbers, phone numbers, addresses, account numbers, health records, and much more. HIPAA policies are designed to keep these details from being lost or stolen. What are the penalties for violating HIPAA compliance rules? ing to the American Medical Association, the penalties for HIPAA compliance violations can range from fines between $50,000 to $250,000,
