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.
HIPAA regulations became effective on April 14, 2001, and April 14, 2003 is the date on which hospitals must have been in compliance with the HIPAA privacy rule. The rule governs the use and disclosure of individually identifiable health information.