Select one of the Acts below and discuss it's importance to business. 21 CFR Part I Sarbanes-Oxley (SOX) Gramm-Leach-Biley Act Children's Internet Protection Act North American Electric Reliability co

Health Insurance Portability and Accountability Act

The better performance and development of the business organization, Health Insurance Portability, and Accountability Act play a critical role. In many instances the Health Insurance Portability and Accountability Act controls and manages how the business run the business organization. In this way, the industry is supposed to adopt health measures that facilitate the better operation of the company (Edemekong & Haydel, 2019). It is always recommendable and advisable for the business organization to adopt the Health Insurance Portability and Accountability Act as a means of improving the level of the effectiveness and efficiency in the business organization.

The act promotes the level of accountability, which is the first approach that enhances the level of integrity and honesty in the business organization. Apart from the law facilizing the level of the business operation, it helps in improving the image and reputation of the business organization. The case of improving the level of fame and image of the company promotes the standard of performance. That way, it is essential for the business organization to embrace the Health Insurance Portability and Accountability Act as it helps in promoting better relationships between the customers and business organization (Rouse, 2017). The case of improving the relationship between the customer and the business help in developing the state of the sales and profit, thus facilitating to growth and development of the business organization. Similarly, improving the rate of health insurance among the workers and employees will promote better relations between the shareholders and customers. It is also one of the criteria that facilitate motivate the employees in the working environment and that way, supporting business growth and development.  

References

Edemekong, P. F., & Haydel, M. J. (2019). Health Insurance Portability and Accountability Act (HIPAA). In StatPearls [Internet]. StatPearls Publishing.

Rouse, M. (2017). HIPAA (Health Insurance Portability and Accountability Act).