The Importance of the HITECH Act and HIPAA Compliance Every professional medical transcription company adheres to HIPAA compliance or the Health Insurance Portability and Accountability Act (HIPAA) of 1996 and the HITECH Act. Churning on the axis of security and privacy of patient medical records, HIPAA compliance guidelines have formulated the aspect of confidentiality besides protecting medical identity theft. Medical transcription companies have followed HIPAA compliance as it not only offers an opportunity to acquire new business, but also speaks highly of the integrity and reliability of the company. The medical transcription company have trained their transcriptionists to follow HIPAA compliance to ensure privacy of all medical records. With the transcription company following HIPAA compliance, they can avoid lawsuits and reduce breach of security risks. It is best to choose a medical transcription company that follows not only HIPAA compliance but also the HITECH Act or the Health Information Technology for Economic and Clinical Health Act. With the stipulation that at the start of the year 2011, financial incentives would be offered to healthcare providers who utilize EHR or electronic health records with the incentives being offered till the year 2015. The HITECH Act levies penalties on parties not using electronic health records. The HITECH Act also gives training centers grants and is also part of ARRA or the American Recovery and Reinvestment Act of 2009. ARRA offers incentives besides supporting the scope of protection which comes under HIPAA. This has encouraged the use of electronic data interchange in the U.S. health care channels.
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