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List the Three Types of Firms That Fall Under the Umbrella

question 8

Essay

List the three types of firms that fall under the umbrella of a "covered entity," as named by HIPAA.


Definitions:

Base Salary

The fixed amount of money a worker receives from their employer before any extra compensations such as bonuses.

Long-term Incentive

Compensation awarded to employees in the form of stock, options, or other performance-linked rewards that vest over a period longer than one year to encourage long-term commitment.

Long-term Incentives

Reward systems designed to improve employees' long-term performance by providing benefits such as stock options, restricted stock, and performance plans.

Prosperity

A state of economic wellbeing and flourishing, characterized by financial success or growth.

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