HIPAA Waiver of Authorization

Definition of 'HIPAA Waiver of Authorization'


A legal document that allows an individual’s health information to be used or disclosed to a third party. The waiver is part of a series of patient-privacy measures set forth in the Health Insurance Portability and Accountability Act (HIPAA) of 1996.

Investopedia explains 'HIPAA Waiver of Authorization'


Healthcare privacy has come into increased focused in the digital age; it is much easier for doctors to transmit patient health information via the Internet than it was when records had to be mailed or faxed. The HIPAA Waiver of Authorization allows doctors to provide information on a patient’s health to third parties, such as researchers, attorneys, other doctors or family members.

Patient information covered under HIPAA, called protected health information (PHI), is information that can be linked to a specific individual, and is held by a covered entity, such as a health insurer, healthcare provider or healthcare clearinghouse.

In order for a HIPAA waiver to be approved for research purposes, three criteria for the use of private health information must be met: the health information to be disclosed must present a minimal risk to the privacy of the disclosing party; the researchers must ensure that research activities could not be undertaken without the information; and the research could not be practicably conducted without the waiver.

Should a family member attempt to bypass HIPAA rules through the use of an attorney, usually in the event of a medical emergency, the patient must have already outlined in his/her power of attorney for healthcare that he/she expressly waives the protection offered by HIPAA and allows the specifically designated "personal representative" to know his/her otherwise private health information.

 



comments powered by Disqus
Hot Definitions
  1. Oil Reserves

    An estimate of the amount of crude oil located in a particular economic region. Oil reserves must have the potential of being extracted under current technological constraints. For example, if oil pools are located at unattainable depths, they would not be considered part of the nation's reserves.
  2. Joint Venture - JV

    A business arrangement in which two or more parties agree to pool their resources for the purpose of accomplishing a specific task. This task can be a new project or any other business activity. In a joint venture (JV), each of the participants is responsible for profits, losses and costs associated with it.
  3. Aggregate Risk

    The exposure of a bank, financial institution, or any type of major investor to foreign exchange contracts - both spot and forward - from a single counterparty or client. Aggregate risk in forex may also be defined as the total exposure of an entity to changes or fluctuations in currency rates.
  4. Organic Growth

    The growth rate that a company can achieve by increasing output and enhancing sales. This excludes any profits or growth acquired from takeovers, acquisitions or mergers. Takeovers, acquisitions and mergers do not bring about profits generated within the company, and are therefore not considered organic.
  5. Family Limited Partnership - FLP

    A type of partnership designed to centralize family business or investment accounts. FLPs pool together a family's assets into one single family-owned business partnership that family members own shares of. FLPs are frequently used as an estate tax minimization strategy, as shares in the FLP can be transferred between generations, at lower taxation rates than would be applied to the partnership's holdings.
  6. Yield Burning

    The illegal practice of underwriters marking up the prices on bonds for the purpose of reducing the yield on the bond. This practice, referred to as "burning the yield," is done after the bond is placed in escrow for an investor who is awaiting repayment.
Trading Center