In healthcare compliance, what does HIPAA stand for?

The correct answer is Health Insurance Portability and Accountability Act. This legislation, enacted in 1996, is a cornerstone of healthcare compliance in the United States and serves two main purposes: it protects the privacy and security of individuals' health information and ensures that health insurance coverage is maintained when individuals change or lose jobs.

The term "portability" refers to the ability to transfer health insurance coverage easily, which is a significant concern for individuals who may frequently change jobs. The "accountability" aspect relates to enforcing rules and regulations regarding the handling of personal health information to ensure it is kept private and secure.

Understanding HIPAA is fundamental for those working in healthcare compliance, as it establishes the regulations healthcare organizations must follow to protect patient information and avoid significant legal penalties.