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The video discusses business associates and business associate agreements under HIPAA. A business associate (BA) is a person or entity that performs functions involving protected health information (PHI) for a covered entity. PHI is individually identifiable health information in any form. BAs provide services involving the sharing of PHI for covered entities like health care providers, health plans, or health care clearinghouses. It is important to understand the relationship between covered entities and BAs under HIPAA regulations.