Research and Markets: New Federal Personal Health Information Breach Notification Law: HITECH Act - a Tsunami of Opportunity.
New federal legislation designed to improve the nation's quality and coordination of medical care has created a perfect storm at the intersection of the health care and financial industries. Physicians and hospitals will be rushing to go online to take advantage of temporary monetary incentives. Handled well, prospects for enhanced medical care are considerable. But if the online transfers aren't handled properly, the opportunities generated will benefit data thieves, rather than health care. And with a new national data breach notification requirement in place for personal health information, the impact of the Health Information Technology for Economic and Clinical Health Act (HITECH) could be staggering. This report explains the new federal requirements extending HIPAA security and privacy and addresses the impact of this bill to the financial and health care industry.
* What are the terms and conditions of the new federal breach notification requirements for personal health information?
* How will the new federal breach notification requirements for personal health information affect existing industries?
* What types of exposure may be created by the rush to put personal health information online to claim monetary incentives?
* How can that exposure be mitigated?
* How do consumers rate the impact of personal health information breaches?
* How many consumers reported medical breaches in 2008?
* How can this number be expected to change with the new notification laws?
* What types of fraud do medical records breaches permit?
Consumer data from Javelin's annual Identity Fraud Survey was used in this report. The survey is conducted each year using Computer Assisted Telephone Interviewing (CATI) via Random-Digit-Dialing (RDD). The total number of respondents was 4874 in 2008, 5,075 in 2007; 5,006 in 2006; 5,003 in 2005; 5,004 in 2004; and 4,000 in 2003. The survey targeted respondents based on representative proportions of gender, age, and income compared to all U.S. adult consumers. Overall margin of sampling error is +/- 1.4% at the 95% confidence level.
For questions answered by all 487 identity fraud victims, the maximum margin of sampling error is +/- 4.4% at the 95% confidence level. For questions answered by a proportion of all identity fraud victims, the maximum margin of sampling error varies and is greater than +/- 4.4% at the 95% confidence level.
This report is also based on data collected from an online survey of a random-sample panel of 441 data breach victims in May 2008. The overall margin of sampling error is 4.67 percentage points at the 95% confidence level.
Key Topics Covered:
* Primary Questions
* Findings and Analysis
* New Federal Personal Health Information Breach Notification Law
* ARRA's "HITECH" Expands HIPAA Privacy and Security Protections
* New Federal Personal Health Information Breach Notification Requirement
* State Medical Breach Laws Already in Effect
* Notification Requirements
* Changes in HIPAA Definitions
* What Fraud Types Can Be Generated from Breached PHI?
* Medical Records and Health Insurance Information Permit New Account Frauds
* Medical Record Breaches Result in Serious Injury to Victims
* State Data Breach Notification Laws
* Consequences of ARRA
* Update on New National Personal Health Information Breach Requirement
* Related Research
* Companies Mentioned
* American National Standards Institute
* Congressional Budget Office
* Centres for Medicare and Medicaid Services
* Federal Trade Commission
* Microsoft Health Vault
* Google Health
* Government Accountability Office
For more information visit http://www.researchandmarkets.com/research/0f225a/new_federal_person
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|Date:||Apr 9, 2009|
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