Surgent's HIPAA: What Accountants and Other Practitioners Need to Know

Overview

In 1996, Congress passed the Health Insurance Portability and Accountability Act, commonly referred to as HIPAA. HIPAA’s stated purpose was to provide Americans with privacy measures designed to protect personal healthcare-related information. Yet soon after it became law, critics argued that HIPAA “lacked teeth”, noting that the only remedy for violations of the law was to report the wrongdoer to the Department of Health and Human Services.

Congress strengthened HIPAA in 2009 when it passed the Health Information Technology for Economic Clinical Health Act (“HITECH”). Under HITECH, entities subject to HIPAA are now required to maintain specific physical, administrative, and digital protection procedures. HIPAA now imposed many other requirements for those affected by the law, such as requiring breaches of patient information be reported to affected parties in a timely manner. Further, the law substantially increased the fines that HIPAA-covered entities must pay for violations.

It is imperative that accountants and financial professionals familiarize themselves with HIPAA’s requirements. Under HITECH, businesses must comply with HIPAA’s data privacy guidelines if they work with HIPAA-covered businesses; that is, any business in the healthcare industry. Professionals who are not familiar with HIPAA fundamentals run the risk of subjecting themselves and their company to civil liability and severe penalties.

Highlights

• A basic overview of the requirements imposed by HIPAA on professionals
• What businesses and individuals are subject to HIPAA
• Best practices for HIPAA compliance
• Issues unique to accounting and finance professionals concerning HIPAA
• Recognize common areas of liability under HIPAA

Prerequisites

General familiarity with the accounting and business principles

Designed For

Anyone in the accounting or financial services profession who seeks to understand HIPAA and how it impacts their practice. Also, accounting and financial professionals who counsel individuals or business owners that are considered HIPAA-covered businesses

Objectives

• Understand HIPAA’s requirements and how they apply to accounting and other professionals
• Understand methods to employ to reduce chances of violating HIPAA’s provisions
• Recognize how HIPAA intersects with the work of accountants and similar professionals who advise individuals and businesses

Preparation

None

Notice

This on-demand webcast can be taken at any time of your choosing and is valid for one year from the date of purchase. No live instructor is present, and an exam is required to earn credit. You must score 70% or higher to earn the certificate.

How do I access my Self-Study Package?

Visit https://www.surgentcpe.com/login and enter your username (your LCPA email address) and password. If you do not remember your password, press the "Forgot?" button to receive a password reset email. Once logged in, the page will refresh to display your account menu on the left side.