Net income is what remains after subtracting all the costs (namely, business, depreciation, interest, and taxes) from a companyâs revenues. It is sometimes called the bottom line.
The Health Insurance Portability and Accountability Act (HIPAA) is a law that was passed in 1996, designed primarily to modernize the flow of health information. At the time, most medical records were in paper form, but it was becoming clear that health data would become digital in the future.
Actually, HIPAA became law in 1996. However, most of HIPAA was held in abeyance until the law as crafted worked with reality, and the Covered Entities (CE's) were able to comply. Deadlines for various aspects of the law were laid down, with perhaps the most significant so far in 2003.Note that there are aspects of HIPAA that have not met their deadlines yet, and may never do so (e.g. the creation of a personal identifier for patients is on perma-hold and is likely to remain so).owever, most of HIPAA was held in abeyance until the law as crafted worked with reality, and the Covered Entities (CE's) were able to comply. Deadlines for various aspects of the law were laid down, with perhaps the most significant so far in 2003.