HIPAA, or the Health Insurance Portability and Accountability Act of 1996, is a federal law that sets standards for the privacy and security of Patient health information. Medical billing and coding companies handle a significant amount of PHI in their day-to-day operations. They are responsible for submitting claims and handling payments for healthcare services provided to patients, which involves accessing and managing their sensitive health information. As such, medical billing and coding companies must comply with HIPAA regulations to ensure that PHI is kept confidential and secure. Here are a few reasons why HIPAA is important in Medical Billing:
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