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HHS' HIPAA Omnibus Final Rule: Could This Apply to Financial Institutions? |
May 8, 2013
Previously published on May 9, 2013
After much anticipation, on January 25, 2013, the Department of Health and Human Services ("HHS"), Office of Civil Rights published in the Federal Register the long-awaited Health Insurance Portability and Accountability Act of 1996 ("HIPAA") omnibus final rule (the "Final Rule"). Among other things, the Final Rule makes significant changes to and expands the definition of "business associate" and imposes liability on business associates and certain subcontractors of business associates for compliance with HIPAA's Security Rule and certain provisions of HIPAA's Privacy Rule (collectively, "HIPAA Rules").
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