Financial Services Current State in Healthcare White Paper
EHNAC and WEDI collaborated to address the current state of health data protection needs within the financial services industry and in context with the current regulatory federal legislation.
The Financial Services Current State in Healthcare white paper was released November 24, 2009
This was the result of an industry forum convened by EHNAC and WEDI Feb. 10, 2009 to address the current state of medical banking as it relates to HIPAA, American Recovery & Reinvestment Act of 2009 and HITECH Act and the impact on the financial services industry. The “Demystifying the Banking Exemption under HIPAA” forum discussed the requirements under legislation for financial institutions, management of various state protection regulations and the implementation practices of third-party accreditation and certification programs.
A financial services current state white paper titled “Financial Services Best Practices Guidelines for the Healthcare Sector” is expected to be released second quarter 2010. EHNAC and WEDI invited broad participation in providing feedback to both documents on the organizations.
HITECH Act Means More Rules, More Risk - Printed in TAWPI Magazine
The HITECH Act Means More Rules, More Risk feature article was written through a joint effort by Lee Barrett, Executive Director of EHNAC and the members of EHNAC’S FSAP Committee. The piece outlines how the financial services industry will be affected by recent legislative changes including the American Recovery and Reinvestment Act (ARRA) and the Health Information Technology for Economic and Clinical Health (HITECH) Act, signed by President Obama in February 2009. In addition, the article outlines several specific security and compliance steps that financial service organizations can take to better prepare for the upcoming February 2010 legislative deadline.
For more information on Financial Services Accreditation Programs