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Yes, the tide is right-it's HIPAA, not HOEPA. HIPAA is the Health Insurance Portability and Accountability Act of 1996, usually the domain of the Human Resources Department. However, HIPAA includes privacy provisions that will have an impact on financial institutions that process personally identifiable health information, for example, with lockbox services.
Designed to help bankers interpret new rules when processing healthcare payments, the white paper was developed by the Banking Industry HIPAA Task Force, a joint initiative of the American Bankers Association and NACHA -The Electronic Payments Association. The white paper is part of an effort by ABA and NACHA to prepare banks to meet the demands of their health care customers by...