Which Act Governs Privacy, Security, and Electronic Transactions Standards for Health

question 38

Multiple Choice

Which act governs privacy, security, and electronic transactions standards for health care information and was implemented to provide better access to health insurance, limit fraud and abuse, and reduce administrative costs?

• A) BBA
• B) HIPAA
• C) MMA
• D) TEFRA

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Definitions:

UCC

The Uniform Commercial Code represents a detailed collection of statutes that regulate every commercial transaction across the United States.

Electronic Check Presentment

A process that allows financial institutions to exchange digital images of checks instead of physical checks for faster processing.

Substitute Checks

Digital or paper reproductions of original checks that are legally equivalent for processing payments.

UCC

A complete collection of regulations that oversee business dealings within the United States, known as the Uniform Commercial Code.