Financial Laws and Regulation in Health Industry - Assignment Example

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Financial Laws and Regulation in Health Industry

The civil penalties are determined on a tier structure based on the level of severity and intent of the violations.Require the covered entities to adopt the administrative safeguards to protect the confidentiality and privacy of PHIAmong the needed administrative safeguards are the establishment of a compliant system, designation of a privacy officer, implementation of a compliance training programs for all applicable staff, and the implementation of appropriate sanctions for violations of the privacy requirements (Latham & Watkins, 2001). This is to ensure that the covered entities must comply with the security standards with respect to e-PHI. The compliance requires that the covered entity must ensure integrity, confidentiality, and availability of all e-PHI covered entities creates, receives, maintains, protect against any reasonably anticipated threats to the security or integrity of such information. Question 3According to Pratt (2000: 383) argue that Stark law, also known as ‘the physician referral law’ prohibits a physician from making referrals for particular designated health services (DHS) payable by the Medicare to an entity with which he or she has a financial relationship (investment, ownership, or compensation), unless an exception applies. They include:1. Clinical laboratory services 2. Physical-therapy services3. Occupational-therapy services4. Radiology and other diagnostic services (excluding screening mammography).5. Radiation-therapy services and supplies ...Show more


In the paper “Financial Laws and Regulation in Health Industry” the author defines the circumstances under which entities utilize and disclose the Protected Health Information (PHI). Everyone in the health care sector must maintain the privacy of personal information.

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