BDO Seidman, LLP Introduces Employer Health Plan Initiative; Firm to Help Employers Meet HIPAA Compliance Deadline.Business Editors CHICAGO--(BUSINESS WIRE)--Sept. 24, 2002 The Healthcare Advisory Services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal Group of BDO Seidman BDO Seidman, LLP is the United States arm of BDO International, one of the largest accounting firms outside of the Big Four. History BDO Seidman, LLP was founded as Seidman and Seidman in New York City in 1910 by Maximillian L. Seidman. , LLP LLP - Lower Layer Protocol , one of the nation's leading professional service organizations, has announced a new service offering designed to bring employer health plans into compliance with the privacy, data standardization and security requirements of the 1996 Health Insurance Portability and Accountability Act The Health Insurance Portability and Accountability Act (HIPAA) was enacted by the U.S. Congress in 1996. According to the Centers for Medicare and Medicaid Services (CMS) website, Title I of HIPAA protects health insurance coverage for workers and their families when (HIPAA (Health Insurance Portability & Accountability Act of 1996, Public Law 104-191) Also known as the "Kennedy-Kassebaum Act," this U.S. law protects employees' health insurance coverage when they change or lose their jobs (Title I) and provides standards for patient health, .) All employers with fully- and self-insured health plans with 50 or more employees must meet the new HIPAA requirements by early next year or face significant criminal and civil penalties. "Most employers are aware of the rules on transportability of health care insurance that resulted from the 1996 HIPAA Act. However, few businesses are aware that HIPAA is imposing privacy regulations on their group health plans -- fully and self-insured, with compliance mandated by April 2003," said Maureen Carson, Director of Healthcare Advisory Services at BDO Seidman. "Very few companies are aware of the deadline to meet the new requirements. Given that a typical compliance program takes 60 to 90 days to implement, these businesses need take action as soon as possible." BDO Seidman has worked extensively with healthcare providers regarding the new HIPAA laws and will use this knowledge base to assist employers with their HIPAA compliance programs. The BDO Seidman program offers: -- Gap Analysis. A complete analysis of a business's present practices and identification of gaps with HIPAA requirements. -- Compliance Planning. A road map that matches HIPAA's extensive requirements with the strategic imperatives, operational needs and resources of the employer's health plan. -- Implementation. Amend documents, policies and procedures for HIPAA compliance; conduct mandated employee training; and integrate the new requirements with existing corporate programs. -- Monitoring System. Establish ongoing oversight, including annual privacy audits of the program, to ensure the company's health insurance plan remains compliant. About BDO Seidman, LLP BDO Seidman, LLP is a national professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. firm providing assurance, tax, financial advisory and consulting services to private and publicly traded businesses. For more than 90 years, we have been dedicated to providing quality service and leadership through the hands-on involvement of our most experienced and committed professionals. BDO Seidman serves clients through more than 35 offices and 175 alliance firm locations nationwide. As a member firm of BDO International BDO International is a world wide network of public accounting firms, called BDO Member Firms, serving international clients. Each BDO Member Firm is an independent legal entity in its own country. The network is coordinated by BDO Global Coordination B.V. , BDO Seidman serves clients by leveraging a global distribution network of resources comprised of more than 590 member firm offices in 99 countries. For more information about BDO Seidman, visit http://www.bdo BDO Big Day Out (Australian music festival) BDO Banco de Oro (Philippines) BDO 1,4-Butanediol BDO British Darts Organisation BDO Block Development Officer BDO Big Dumb Object .com/. |
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