Financial Services Current State in Healthcare White Paper
EHNAC, Workgroup for Electronic Data Interchange WEDI, Healthcare Information and Management Systems Society HIMSS Medical Banking Project, and NACHA – The Electronic Payments Association NACHA collaborated to create the Compliance Guidelines for Financial Institutions in the Healthcare Sector: HITECH and the HIPAA Privacy and Security Rules white paper which was released August 2, 2010 [Revised 8/10/12].
This was the result of an industry forum convened by EHNAC and WEDI February 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.
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 in the first white paper the Financial Services Current State in Healthcare white paper was released November 3, 2009.
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.
Privacy & Security Issues & Update: New HIPAA/HITECH Financial Compliance Guide and Privacy NPRM Webinar
On June 15, 2011 EHNAC presented a “Protected Health Information in Financial Services: Privacy and Security Webinar”. Through a panel discussion, the webinar examined the current legislative regulations of HIPAA, ARRA and HITECH as it relates to financial institutions; recommendations by EHNAC, NACHA HIMSS and WEDI for achieving compliance; potential ramifications of unlawful disclosure of PHI; and steps for reducing risk. The event was hosted by Lee Barrett, executive director of EHNAC and panelists included Alberto Casas, Director, CitiBank; John Casillas, SVP, HIMSS Medical Banking Project; Jan Estep, president & CEO, NACHA – The Electronic Payments Association; and Sharon Klein Esq., Pepper Hamilton LLP
For more information on Financial Services Accreditation Programs