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The video discusses business associates and business associate agreements under HIPAA. A business associate is a person or entity that performs functions involving protected health information for a covered entity. Protected health information is individually identifiable health information held or transmitted by a covered entity or its business associate. Business associates provide services involving the sharing of protected health information to covered entities such as healthcare providers, health plans, or healthcare clearinghouses. It is important to understand the relationship between covered entities and business associates for HIPAA compliance.